Filtration Group talks $1.15 billion term B at Libor plus 275-300 bps

By Sara Rosenberg

New York, June 16 – Filtration Group Corp. launched on Friday its $1,154,000,000 senior secured term loan B due November 2020 with price talk of Libor plus 275 basis points to 300 bps with a 0% Libor floor and a par issue price, according to a market source.

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

Goldman Sachs Bank USA, BMO Capital Markets and J.P. Morgan Securities LLC are the leads on the deal.

Commitments are due on June 26, the source added.

Proceeds will be used to reprice an existing term loan from Libor plus 325 bps with a 1% Libor floor.

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

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