Flow Control tightens $75 million term loan OID to 97.25

By Sara Rosenberg

New York, April 5 – Flow Control Group revised 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.

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.

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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