Filtration Group talks $400 million term B at Libor plus 375-400 bps

By Sara Rosenberg

New York, Oct. 13 – Filtration Group Corp. held a lender call at noon ET on Tuesday to launch a $400 million incremental first-lien term loan B (B3/B) due March 2025 that is talked at Libor plus 375 basis points to 400 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The incremental term loan has 101 soft call protection for six months, the source said.

Goldman Sachs Bank USA and J.P. Morgan Securities LLC are the leads on the deal. BMO Capital Markets, HSBC Securities (USA) Inc. and CIBC are the co-managers.

Commitments are due on Oct. 20, the source added.

Proceeds will be used to fund a dividend recapitalization.

Filtration Group is a provider of filtration solutions serving a diverse portfolio of global end markets.

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