SPX Flow to use domestic revolver borrowings to fund note redemption

By Tali Rackner

Norfolk, Va., Aug. 3– SPX Flow, Inc. plans to use borrowings under its domestic revolving credit facility to help fund the redemption of all $600 million of its 6 7/8% senior notes due 2017, according to a press release.

The company will also use the proceeds from a new $600 million senior unsecured note offering to finance the redemption.

The 6 7/8% notes are being redeemed under a tender offer announced at the same time as the new notes.

Based in Charlotte, N.C., SPX Flow is a supplier of highly engineered flow components, process equipment and turn-key systems, along with related aftermarket parts and services.

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