Colfax closes on new U.S. and euro denominated credit facility

By Sara Rosenberg

New York, Feb. 25 - Colfax Corp. completed its credit facility that consists of a $500 million revolver, a $408.7 million term loan A-1, a $380 million term loan A-2, a €157.6 million term loan A-3, a €105.3 million term loan A-4 and a $400 million term loan B, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the revolver, term loan A-1 and term loan A-2 can range from Libor plus 175 basis points to 250 bps based on leverage, pricing on the term loan A-3 and term loan A-4 can range from Libor plus 250 bps to 325 bps based on leverage, and pricing on the term loan B is Libor plus 250 bps.

Initial pricing on the revolver, term loan A-1 and term loan A-2 is Libor plus 225 bps, and initial pricing on the term loan A-3 and term loan A-4 is Libor plus 300 bps.

Deutsche Bank Securities Inc, BofA Merrill Lynch, Barclays, BBVA Compass, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., KeyBank, SunTrust Robinson Humphrey Inc., Bank of Nova Scotia, RBC Capital Markets and RBS Citizens acted as the joint lead arrangers and bookrunners on the deal that was completed on Friday.

Proceeds were used to refinance an existing credit facility.

Colfax is a Fulton, Md.-based designer, manufacturer and marketer of fluid-handling products to commercial marine, oil and gas, power generation, defense and general industrial sectors.

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