(Reuters) - Proceeds of the bank loan and the note offering back Dubai
Aerospace Enterprise's $1.8 billion acquisition of plane
servicing firms Standard Aero Holdings Inc. and Piedmont
Hawthorne Holdings from Carlyle Group.
The loan consisted of a $557 million term loan B, a $280
million asset-sale facility and a $100 million revolver.
Pricing on the term loan was widened earlier to 325 basis
points over the London interbank offered rate due to weak
investor interest. The loan was also being offered at an
original issue discount of 98.5.
Read more at Reuters.com Bonds News
Aerospace Enterprise's $1.8 billion acquisition of plane
servicing firms Standard Aero Holdings Inc. and Piedmont
Hawthorne Holdings from Carlyle Group.
The loan consisted of a $557 million term loan B, a $280
million asset-sale facility and a $100 million revolver.
Pricing on the term loan was widened earlier to 325 basis
points over the London interbank offered rate due to weak
investor interest. The loan was also being offered at an
original issue discount of 98.5.
Read more at Reuters.com Bonds News
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