LMI Aerospace expects to get $90 million senior secured revolver

By Marisa Wong

Madison, Wis., June 4 - LMI Aerospace, Inc. expects to secure a new senior secured revolving credit facility for up to $90 million corresponding with its offering of second-priority senior secured notes, according to an 8-K filing with the Securities and Exchange Commission.

The company intends to use proceeds of the notes offering, together with borrowings under the new revolver, to repay the full amounts outstanding under its existing revolving credit facility and term loan B facility.

The company announced on Wednesday that it plans to price $250 million of the five-year notes in a Rule 144A and Regulation S offering.

LMI Aerospace is a St. Charles, Mo.-based supplier of components and provider of engineering services to the aerospace and defense industries.

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