Colfax plans paydown under credit facility via IPO proceeds

By Jennifer Chiou

New York, Jan. 4 - Colfax Corp. intends to repay a portion of its credit facility using some of the proceeds from a $300 million initial public offering of stock, according to an S-1 filing with the Securities and Exchange Commission.

Remaining proceeds will go toward paying dividends to preferred stockholders, paying special bonuses to executives and contributing to working capital.

Colfax is a Richmond, Va.-based industrial pump manufacturing company.

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