Shearman And Sterling

News April 01, 2021

Dycom Industries $1 Billion Amended Financing

Shearman & Sterling advised Dycom Industries, Inc., as Borrower, and certain of its subsidiaries, as Guarantors, on a $1 billion refinancing amendment of its senior secured credit facilities consisting of a $350 million term loan facility and a $650 revolving facility, agented by Bank of America, N.A., to reduce the facilities and extend the maturity of the term loan facility and revolving facility to April 2026 and adjust certain covenants. In connection with the transaction, Shearman & Sterling also advised Dycom Industries, Inc., as Issuer, on the issuance of $500 million 4.5% Senior Notes due 2029.

Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

The Team