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Cole-Parmer to launch $125 million incremental term loan on Tuesday
By Sara Rosenberg
New York, Jan. 11 – Cole-Parmer Instrument Co. LLC (CPI HoldCo LLC) is set to hold a lender call at 10 a.m. ET on Tuesday to launch a $125 million incremental first-lien term loan due Nov. 4, 2026, according to a market source.
The company is also getting a $65 million privately placed incremental second-lien term loan, the source said.
Jefferies LLC is the bookrunner on the deal.
Proceeds will be used to fund an acquisition.
Cole-Parmer is a Vernon Hills, Ill.-based manufacturer of peristaltic, temperature monitoring, and environmental precision equipment/consumables used in research and production applications.
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