| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Flow Control Group > News item |
Flow Control term loan breaks for trading; Therm-O-Disc, Premise Health updates surface
By Sara Rosenberg
New York, May 26 – Flow Control Group (FCG Acquisitions Inc.) saw its incremental first-lien term loan free to trade on Thursday and the debt was quoted above its original issue discount.
Flow Control Group’s non-fungible $150 million incremental first-lien term loan (B2/B-) due April 1, 2028 began trading on Thursday afternoon, with levels quoted at 96¼ bid, 97¼ offered, a market source said.
Pricing on the incremental term loan is SOFR plus 475 bps with a 0.5% floor and it was sold at an original issue discount of 96. The debt has 101 soft call protection for six months.
Meanwhile, in the primary market, Therm-O-Disc Inc. (Token Buyer Inc.) upsized its first- and second-lien term loans, and Premise Health finalized the spread on its incremental first-lien term loan at the high end of guidance.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.