Hudson finances Airgas Refrigerants deal with PNC ABL facility plus FS Investments/GSO term loan

The acquisition is financed with cash plus a $150 million asset-based lending facility from PNC Bank and a $95M-$110M term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners; no new Hudson equity will be issued.

“It will be financed with available cash balances plus borrowings under an enhanced asset-based lending facility of $150 million from PNC Bank and a new term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners LP of between $95 million and $110 million.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.