Trillium Flow Technologies successfully completes refinancing
Posted: Tue Feb 11, 2025 5:55 am
Trillium Flow Technologies ("Trillium") is pleased to announce the successful completion of its refinancing in December 2024. In addition to being a First Reserve portfolio company, the company is also a designer, manufacturer and aftermarket services provider of precision engineered valves and pumps used in critical global infrastructure sectors such as nuclear power, water, wastewater and industrial processing.
The refinancing provides Trillium with extended maturity, increased liquidity, improved terms and greater flexibility, and support for further M&A activity.
Kerem Yilmaz , Chief Financial Officer of Trillium , said: “We are pleased to close out 2024 with this important milestone and move into 2025 with strong momentum. We are excited about the new credit facility led by funds managed by Blue Owl Capital Inc. (“Blue Owl”). We also thank JP Morgan and BDTMSD for their continued commitment and support linkedin data of our business. This refinancing will help us execute our organic growth strategy, which includes investing in innovation and operational excellence to enhance customer service. Our goal is to continue to be actively involved in mergers and acquisitions and to become a leader in the water flow control industry. "
Matt Tier, Managing Director of Blue Owl , said: “Trillium has a long and successful track record as a global supplier and aftermarket service provider of mission-critical valves and pumps to a variety of industries. We are pleased to welcome Trillium as a borrower in our direct loan portfolio and look forward to supporting Doug, Kerem and the rest of the leadership team as they execute on the growth strategy for the business in the coming years.”
Doug Kitani , Chief Executive Officer of Trillium , said: “I want to thank our financial team, equity partner First Reserve, and our lead lender Blue Owl for their support throughout this successful refinancing process. In addition, I want to commend our employees for their outstanding performance in 2024. This milestone reflects our concerted efforts to help Trillium continue to innovate, grow and maintain its leadership in the global water flow control industry.”
The refinancing provides Trillium with extended maturity, increased liquidity, improved terms and greater flexibility, and support for further M&A activity.
Kerem Yilmaz , Chief Financial Officer of Trillium , said: “We are pleased to close out 2024 with this important milestone and move into 2025 with strong momentum. We are excited about the new credit facility led by funds managed by Blue Owl Capital Inc. (“Blue Owl”). We also thank JP Morgan and BDTMSD for their continued commitment and support linkedin data of our business. This refinancing will help us execute our organic growth strategy, which includes investing in innovation and operational excellence to enhance customer service. Our goal is to continue to be actively involved in mergers and acquisitions and to become a leader in the water flow control industry. "
Matt Tier, Managing Director of Blue Owl , said: “Trillium has a long and successful track record as a global supplier and aftermarket service provider of mission-critical valves and pumps to a variety of industries. We are pleased to welcome Trillium as a borrower in our direct loan portfolio and look forward to supporting Doug, Kerem and the rest of the leadership team as they execute on the growth strategy for the business in the coming years.”
Doug Kitani , Chief Executive Officer of Trillium , said: “I want to thank our financial team, equity partner First Reserve, and our lead lender Blue Owl for their support throughout this successful refinancing process. In addition, I want to commend our employees for their outstanding performance in 2024. This milestone reflects our concerted efforts to help Trillium continue to innovate, grow and maintain its leadership in the global water flow control industry.”