Ducommun looking to refinance debt mid-year, CEO says

By Angela McDaniels

Tacoma, Wash., April 9 – Ducommun Inc. is “actively exploring the opportunity to refinance its debt mid-year, market conditions permitting,” chairman and chief executive officer Anthony Reardon said in the company’s earnings release for the fourth quarter and year ended Dec. 31.

Ducommun also reported that it made voluntary principal prepayments totaling $20.1 million on its term loan during the quarter, resulting in a total of $42.6 million of voluntary prepayments for fiscal 2014.

The company’s long-term debt, less current portion, was $290.03 million as of Dec. 31, down 12.8% from $332.68 million a year earlier.

Los Angeles-based Ducommun provides engineering and manufacturing services to the aerospace, defense and other industries.

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