FloWorks Completes Financing
T. Rowe Price Group, Inc. (TROW)
Last t. rowe price group, inc. earnings: 4/28 07:30 am
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Source: Business Wire
ROSEMONT, Ill.--(BUSINESS WIRE)--FloWorks International LLC (“FloWorks”), a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications and a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), has successfully completed a refinancing.Oak Hill Advisors (“OHA”), the private markets platform of T. Rowe Price Group, Inc. (NASDAQ:TROW), served as Administrative Agent and Lead Left Arranger for the private unitranche facility. OHA is the largest holder across the new financing facility, which will be used to refinance the company’s existing debt and support future acquisitions.Greg Gleason, Managing Partner at Wynnchurch, stated, ?“We are excited to be partnering with OHA on this important financing for FloWorks and believe they will be a strong partner in supporting FloWorks’s continued, accelerated growth.” Steve Yan, Head of Debt Capital Markets at Wynnchurch, added, ?“This marks the first financ
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- T. Rowe Price Group, Inc. (NASDAQ: TROW) had its price target raised by analysts at Wells Fargo & Company from $112.00 to $124.00. They now have an "equal weight" rating on the stock.MarketBeat
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