THERMON GROUP HOLDINGS, INC. (NYSE:THR) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On October 16, 2017, Thermon Group Holdings, Inc. (the "Company") pre-released selected preliminary financial results for the second fiscal quarter ended September 30, 2017. This selected financial information was made available in connection with the anticipated launch of its $250 million senior secured term loan B facility syndication, as described below. The Company does not generally release preliminary financial results and does not expect to provide similar information on a going forward basis.
On October 3, 2017, Thermon Industries, Inc. ("TII"), a wholly-owned, indirect subsidiary of the Company, entered into an agreement with JPMorgan Chase Bank, N.A. ("JPMorgan") whereby JPMorgan committed to provide debt financing in connection with the Company's proposed acquisition of CCI Thermal Technologies Inc. (the "Acquisition") consisting of a $250 million senior secured term loan B facility (the "Term Facility") and a senior secured revolving credit facility in an aggregate amount of $60 million. The proceeds from the Term Facility will be used to consummate the Acquisition, to pay certain fees and expenses associated with the Acquisition and to refinance the Company's existing term loan facility.
The Company is furnishing a copy of the press release announcing the selected financial information as Exhibit 99.1, which is incorporated into this Item 7.01 by reference. The Company is also furnishing as Exhibit 99.2 certain information that will be provided in the lender presentation being provided to potential Term Facility lenders, which is incorporated into this Item 7.01 by reference.
The information set forth in this Item 7.01, including Exhibit 99.1 and Exhibit 99.2, is being furnished and shall not be deemed "filed" with the Securities and Exchange Commission for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise be subject to the liability of such Section. Such information shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Company expressly set forth by specific reference in such filing.
Item 7.01. Financial Statements and Exhibits.
Thermon Group Holdings, Inc. ExhibitEX-99.1 2 q2fy2018earningspre-release.htm PRESS RELEASE Exhibit THERMON PRE-ANNOUNCES SELECTED PRELIMINARY SECOND QUARTER FISCAL 2018 FINANCIAL RESULTSThermon Expects to Report Full Quarterly Financial Results on October 23,…To view the full exhibit click here
About THERMON GROUP HOLDINGS, INC. (NYSE:THR)
Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
