Lummus Technology shops amendment to transition term loan to SOFR

By Sara Rosenberg

New York, April 3 – Lummus Technology is seeking a negative consent amendment to shift its term loan to SOFR from Libor and add 10 basis points CSA, according to a market source.

Credit Suisse Securities (USA) LLC is the lead on the deal.

The amendment deadline is end of day on Friday, the source added.

Lummus is a developer and licensor of mission essential technologies for the refining and petrochemical industries and a supplier of catalysts and proprietary equipment.

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