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Filtration Group seeks amendment to transition term loan to SOFR
By Sara Rosenberg
New York, May 1 – Filtration Group Corp. is shopping a negative consent amendment to shift its term loan to SOFR from Libor and add a credit spread adjustment, according to a market source.
The CSA being offered is 10 basis points one-month rate, 15 bps three-month rate and 25 bps six-month rate.
Goldman Sachs Bank USA is the lead on the deal.
The amendment deadline is end of day on Friday, the source added.
Filtration Group is a provider of filtration solutions, serving a diverse portfolio of global end markets.
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