Flow Control launches $75 million term loan at 96.5-97 OID

By Sara Rosenberg

New York, April 3 – Flow Control Group launched on Monday without a lender call a fungible $75 million incremental first-lien term loan due April 2028 that is talked with an original issue discount of 96.5 to 97, according to a market source.

Pricing on the incremental term loan is SOFR plus 475 basis points with a 0.5% floor.

KKR Capital Markets is the lead on the deal.

Commitments are due at 5 p.m. ET on Tuesday, the source added.

Proceeds will be used to fund acquisitions under letters of intent.

Flow Control is a Charlotte, N.C.-based distributor and technical adviser for mission critical flow control and industrial automation products and related services.

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