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Signature Aviation to launch $330 million add-on term loan on Tuesday
By Sara Rosenberg
New York, Oct. 22 – Signature Aviation plc (Brown Group Holding LLC) is set to hold a lender call at 10:15 a.m. ET on Tuesday to launch a fungible $330 million add-on term loan B due June 7, 2028, according to a market source.
RBC Capital Markets, Barclays, HSBC Securities (USA) Inc., MUFG, Santander, SMBC, Truist, JPMorgan Chase Bank and Blackstone Capital Markets are the joint lead arrangers on the deal.
Proceeds will be used to finance the acquisition of Vail Valley Jet Center LLC.
The company currently has a $1.579 billion term loan B priced at Libor plus 275 basis points with a step-down to Libor plus 250 bps and a 0.5% Libor floor.
Signature Aviation, a company owned by Blackstone, Global Infrastructure Partners and Cascade Investment, is a London-based aviation services company.
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