Colfax to launch $315 million loan Thursday

By Sara Rosenberg

New York, May 12 - Colfax Corp. is scheduled to launch a $315 million credit facility on Thursday, according to a source close to the deal. Merrill Lynch is the lead bank on the loan.

The facility consists of a $225 million term loan B with an interest rate of Libor plus 375 basis points, a $50 million revolver with an interest rate of Libor plus 325 basis points and a $40 million senior second priority term loan with an interest rate of Libor plus 625 basis points, the source said.

Proceeds will be used to refinance existing senior indebtedness and to fund the cash component of its acquisition of Netzsch Group. The transaction is expected to be completed this month.

Colfax is a Richmond, Va. provider of fluid handling and power transmission products. Netzsch is a Selb, Germany producer of pumps, grinding and dispersing equipment, filtration systems, and analyzing and test equipment.

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