Ducommun draws $65 million on revolver for Magnetic Seal purchase

By Sara Rosenberg

New York, Dec. 16 – Ducommun Inc. borrowed $65 million under its revolving credit facility to help fund its acquisition of Magnetic Seal Corp., according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Other funds for the $69.5 million acquisition came from cash on hand.

Ducommun is a Santa Ana, Calif.-based provider of manufacturing solutions to customers in the aerospace, defense and industrial markets. Magnetic Seal is a Warren, R.I.-based provider of magnetic seals for critical systems in aerospace and defense applications.

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