SPX FLOW, Inc. Enters $1.35 Billion Senior Credit Facilities

SPX FLOW, Inc., a subsidiary of SPX Corporation, entered into a credit agreement for $1.35 billion in committed senior secured financing. The facilities include a term loan and revolving credit lines, with initial funding expected near the end of Q3 2015, coinciding with its spin-off from SPX Corporation.

“On the Effective Date, SPX FLOW, Inc., currently a wholly-owned subsidiary of the Company, and certain of SPX Flow’s subsidiaries (collectively, “SPX FLOW”) entered into a credit agreement (the “SPX FLOW Credit Agreement”) with a syndicate of lenders that provided for committed senior secured financing in the aggregate amount of $1.35 billion, consisting of the following facilities (collectively, the “SPX FLOW Senior Credit Facilities”), each with a final maturity of September 1, 2020:”

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