Accudyne to launch $975 million credit facilities on Thursday

By Sara Rosenberg

New York, July 19 – Accudyne Industries is set to hold a conference call at 11 a.m. ET on Thursday to launch $975 million of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA and RBC Capital Markets are the lead banks on the deal.

The facilities consist of a $150 million revolver, a $705 million first-lien term loan and a $120 million second-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Accudyne is a Dallas-based provider of precision engineered, process-critical and technologically advanced flow control systems and industrial compressors.

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