Helios Technologies gets $150 million term loan A-2

By Sara Rosenberg

New York, May 17 – Helios Technologies Inc. closed on Wednesday on a $150 million senior secured term loan A-2 due Oct. 28, 2025, according to an 8-K filed with the Securities and Exchange Commission.

Pricing on the term loan A-2 can range from SOFR plus 10 basis points CSA plus 150 bps to 275 bps based on leverage with a 0% floor.

The term loan A-2 was issued at par and has no amortization.

PNC Capital Markets and Truist Securities Inc. are the joint lead arrangers on the loan, with PNC the sole bookrunner and administrative agent. Truist is the syndication agent, and Citibank, Regions Bank and Wells Fargo bank are the co-documentation agents.

Proceeds are being used with cash on hand to repay revolving credit facility borrowings.

Helios is a Sarasota, Fla.-based provider of highly engineered motion control and electronic controls technology for diverse end markets.

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