Morsco sets Wednesday bank meeting for $300 million term loan backing Fortiline acquisition

By Paul A. Harris

Portland, Ore., Oct. 3 – Morsco Inc. set a bank meeting for Wednesday to launch a $300 million senior secured term loan, according to a market source.

Barclays, Citigroup Global Markets, RBC Capital Markets LLC and Jefferies LLC are the bookrunners.

The Forth Worth-based distributor of commercial and residential plumbing and HVAC products plans to use the proceeds to finance its acquisition of Fortiline Waterworks.

Advent International is the sponsor of Morsco.

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