debt
confidence high
sentiment neutral
materiality 0.65
Nuvera enters $130M senior secured credit facility, refinances existing debt
Nuvera Communications, Inc.
- $130M credit facility: $50M initial term loan, $50M delayed draw term loan, $30M revolving credit facility.
- Initial term loan drawn at closing to repay prior credit agreement; delayed draw available through July 2025.
- Term loans mature July 2029; revolver matures July 2027; pricing based on SOFR plus leverage-based margin.
- Loan parties include Nuvera and eight subsidiaries; security interest in substantially all assets.