SPX Flow buys back $28,000 of 6 7/8% notes in change-of-control offer

By Angela McDaniels

Tacoma, Wash., Nov. 19 – SPX Flow, Inc. received tenders for $28,000 principal amount of its $600 million 6 7/8% senior notes due 2017 and accepted all of the tendered notes for purchase, according to a company news release.

The offer expired at 10 a.m. ET on Nov. 18.

The purchase price is 101 plus accrued interest to the payment date, which was Nov. 18.

The aggregate purchase price, including accrued interest, is $28,691.74.

As previously reported, SPX Corp. spun off its flow technology and hydraulic technology assets into SPX Flow in September. In connection with the spinoff, SPX reassigned the notes to SPX Flow.

SPX Flow supplies flow components, process equipment and turn-key systems and is based in Charlotte, N.C.

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