Circor readies launch of $630 million credit facilities for Friday

By Sara Rosenberg

New York, Dec. 1 – Circor International Inc. is scheduled to hold a lender call at 10 a.m. ET on Friday to launch $630 million of credit facilities, according to a market source.

Truist Securities, Citizens Bank and KeyBanc Capital Markets are the joint lead arrangers on the deal.

The facilities consist of a $100 million five-year revolver and a $530 million seven-year term loan, the source said.

Proceeds will be used to refinance existing debt and pay transaction related fees.

Circor is a Burlington, Mass.-based provider of mission critical flow control products and services for the industrial and aerospace & defense markets.

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