LMI Aerospace gets $80 million revolver

By Sara Rosenberg

New York, Aug. 6 - LMI Aerospace Inc. closed on a new $80 million five-year senior secured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Monday.

Wachovia Bank and Wells Fargo acted as joint lead arrangers and joint bookrunners on the deal that was completed on July 31. Wachovia is the administrative agent, Wells Fargo is the syndication agent, and LaSalle Bank and Charter are documentation agents.

Pricing on the revolver can range from Libor plus 112.5 to 200 basis points, depending on leverage.

Proceeds were used to refinance existing debt and help fund the acquisition of D3 Technologies, Inc.

LMI is a St. Charles, Mo.-based provider of structural components, assemblies, and kits to the aerospace, defense and technology industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.