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Form Technologies shops amendment to move term loan to SOFR
By Sara Rosenberg
New York, May 11 – Form Technologies is seeking a negative consent amendment to shift its term loan to SOFR from Libor and add 10 basis points of credit spread adjustment, according to a market source.
JPMorgan Chase Bank is the lead on the deal.
The amendment deadline is 5 p.m. ET on Wednesday, the source added.
Form Technologies is a Charlotte, N.C.-based precision component manufacturer.
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