Sundyne readies launch of $635 million credit facilities for Tuesday

By Sara Rosenberg

New York, Feb. 13 – Sundyne (Star US Bidco LLC) is scheduled to hold a lender presentation at 2 p.m. ET in New York on Tuesday to launch $635 million of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal.

The facilities consist of a $100 million revolver and a $535 million first-lien term loan B, the source said.

Proceeds will be used to help fund the buyout of the company by Warburg Pincus from BC Partners Advisors LP and the Carlyle Group.

Closing is expected in the first half of this year, subject to regulatory approval.

Syndyne is an Arvada, Colo.-based designer and manufacturer of mission critical flow control equipment.

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