Filtration Group launches $93 million add-on term loan at 99.5 OID

By Sara Rosenberg

New York, July 7 – Filtration Group Corp. launched on Tuesday its fungible $93 million add-on first-lien term loan with original issue discount talk of 99.5, according to a market source.

Pricing on the add-on loan is Libor plus 325 basis points with a 1% Libor floor, in line with the company’s existing first-lien term loan.

Goldman Sachs Bank USA is the lead bank on the deal.

Proceeds will be used to fund an acquisition.

Filtration Group is a Chicago-based manufacturer and distributor of filtration products to end markets.

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