Joint Lead Arranger
Aclara Technologies LLC
Debt Capital Markets
Term Loan B
Transaction Details
- On August 29, 2016, Aclara Technologies LLC (“Aclara”), an affiliated portfolio company of Sun Capital Partners, completed a $345 million private placement to accredited institutional investors of a 7-year, Term Loan B
- Proceeds from the offering will be used to refinance existing debt and fund a dividend
- Stephens Inc. acted as joint lead arranger in the transaction
About the company
Aclara Technologies LLC is a world-class supplier of smart infrastructure solutions (“SIS”) to more than 780 water, gas and electric utilities globally. Aclara SIS offerings include smart meters and other field devices, advanced metering infrastructure and software and services that enable utilities to predict and respond to conditions, leverage their distribution networks effectively and engage with their customers. For more information, please visit Aclara.com.
Sources: Company filings and Stephens Inc. internal data.
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