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Flow Control gets $50 million add-on term loan at SOFR plus 475 bps
By Sara Rosenberg
New York, Sept. 30 – Flow Control Group (FCG Acquisitions Inc.) wrapped up a fungible $50 million add-on first-lien term loan due April 2028 priced at SOFR plus 475 basis points with a 0.5% floor, according to a market source.
KKR Capital Markets and Antares Capital acted as the joint lead arrangers on the deal.
Proceeds will be used for acquisition financing.
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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