MW Industries to launch $30 million add-on term loan on Friday

By Sara Rosenberg

New York, July 18 – MW Industries, Inc. is scheduled to hold a lender call on Friday to launch a fungible $30 million add-on first-lien term loan, according to a market source.

RBC Capital Markets is the lead bank on the deal.

Pricing on the first-lien term loan is Libor plus 350 basis points with a 0% Libor floor.

Proceeds will be used to fund an acquisition and to repay revolving credit facility borrowings, the source said.

Currently, the first-lien term loan is sized at $457 million.

MW Industries is a Rosemont, Ind.-based designer and manufacturer of springs and other specialty engineered metal components for diverse end markets.

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