Watlow to launch $515 million term loan B on Wednesday morning

By Sara Rosenberg

New York, March 1 – Watlow is scheduled to hold a lender call at 9 a.m. ET on Wednesday to launch a $515 million seven-year term loan B, according to a market source.

BMO Capital Markets, BofA Securities Inc., Barclays and Citizens Bank are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Tinicum LP.

Watlow is a St. Louis-based designer and manufacturer of complete thermal systems.

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