CentroMotion launches $450 million term loan B at SOFR plus 600 bps

By Sara Rosenberg

New York, July 12 – CentroMotion (LSF12 Badger Bidco LLC) launched on Wednesday its $450 million first-lien term loan B (B2/B) due 2030 with price talk of SOFR plus 600 basis points with a 0% floor and an original issue discount of 95.5 to 96.5, according to a market source.

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

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at noon ET on July 25.

Proceeds will be used to help fund the buyout of the company by Lone Star Funds from One Rock Capital Partners LLC, to refinance an existing $537 million term loan B due August 2028, and for general corporate purposes, including payment of fees and expenses.

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

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