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Published on 10/12/2021 in the Prospect News Bank Loan Daily.

Filtration talks $600 million term loan at Libor plus 350-375 bps

By Sara Rosenberg

New York, Oct. 12 – Filtration Group launched on Tuesday its $600 million seven-year incremental first-lien term loan (B3/B) with price talk of Libor plus 350 basis points to 375 bps with a 0.5% Libor floor and an original issue discount of 99.5, according to a market source.

The incremental term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA, JPMorgan Chase Bank and BMO Capital Markets are the arrangers on the deal.

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

Proceeds will be used with cash on hand to finance the acquisition of Columbus Industries.

Filtration Group is a provider of filtration solutions, serving a diverse portfolio of global end markets. Columbus Industries is a provider of high-end consumable air filters for critical indoor air quality applications.


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