Flow Control launches $150 million term loan at SOFR plus 475 bps

By Sara Rosenberg

New York, May 24 – Flow Control Group (FCG Acquisitions Inc.) launched on Tuesday its non-fungible $150 million incremental first-lien term loan due April 1, 2028 with price talk of SOFR plus 475 basis points with a 0.5% floor and an original issue discount of 96, according to a market source.

The incremental term loan has 101 soft call protection for six months.

Expected term loan ratings are B2/B-.

Credit Suisse Securities (USA) LLC and KKR Capital Markets are the lead arrangers on the deal.

Commitments are due at 2 p.m. ET on Thursday.

Proceeds will be used to fund acquisitions under letters of intent.

Flow Control is a Charlotte, N.C.-based distributor and technical adviser for mission critical flow control and industrial automation products and related services.

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