BBB Industries, Flow Control deal changes emerge; Belron accelerates commitment deadline

By Sara Rosenberg

New York, April 5 – In the primary market, BBB Industries LLC increased the size of its fungible add-on term loan, and Flow Control Group tightened the original issue discount on its incremental first-lien term loan.

Also, Belron moved up the commitment deadline for its first-lien term loan B, and Optiv Inc. approached lenders with a new first-lien term loan to help refinance existing debt and fund an acquisition.

BBB Industries LLC lifted its fungible add-on term loan due 2029 to $200 million from $150 million, a market source said.

Pricing on the add-on term loan finalized in line with talk at SOFR plus 525 basis points with a 0.5% floor and an original issue discount of 93.

Flow Control modified the original issue discount on its fungible $75 million incremental first-lien term loan due April 2028 to 97.25 from talk in the range of 96.5 to 97, according to a market source.

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