CentroMotion to launch $450 million term loan B on Wednesday

By Sara Rosenberg

New York, July 11 – CentroMotion (LSF12 Badger Bidco LLC) is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $450 million term loan B due 2030 (B2/B), according to a market source.

JPMorgan Chase Bank is the left lead on the deal.

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

Commitments are due at noon ET on July 25, the source added.

Proceeds will be used to help fund the buyout of the company by Lone Star Funds from One Rock Capital Partners LLC.

CentroMotion is a Waukesha, Wis.-based designer and manufacturer of highly engineered systems and solutions for industrial and transportation applications.

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