Flow Control to launch $150 million incremental term loan on Tuesday

By Sara Rosenberg

New York, May 23 – Flow Control Group (FCG Acquisitions Inc.) is scheduled to hold a lender call at 9 a.m. ET on Tuesday to launch a non-fungible $150 million incremental first-lien term loan due April 1, 2028, according to a market source.

Credit Suisse Securities (USA) LLC and KKR Capital Markets are the lead arrangers on the deal.

The incremental term loan has a 0.5% floor and 101 soft call protection for six months, the source said.

Expected term loan ratings are B2/B-.

Commitments are due at 2 p.m. ET on Thursday, 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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