Bettcher Industries wraps $50 million add-on term loan at 98 OID

By Sara Rosenberg

New York, Nov. 3 – Bettcher Industries Inc. completed a fungible $50 million add-on first-lien term loan that is priced at SOFR plus 475 basis points with a 0.5% floor and an original issue discount of 98, according to a market source.

KKR Capital Markets is the left lead on the deal.

Proceeds will be used for acquisition activity.

Bettcher Industries is a Birmingham, Ohio-based manufacturer and supplier of food processing equipment and associated aftermarket parts and consumables.

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