MB Aerospace to launch $305 million credit facilities on Tuesday

By Sara Rosenberg

New York, Dec. 4 – MB Aerospace is set to hold a bank meeting at 10 a.m. ET in New York on Tuesday to launch $305 million of secured credit facilities, according to a market source.

RBC Capital Markets, Societe Generale, Barclays and Citizens Bank are the joint lead arrangers on the deal.

The facilities consist of a $50 million five-year revolver and a $255 million seven-year first-lien term loan, the source said.

Proceeds will be used to fund the acquisition of Taiwan-based Asian Compressor Technology Services Co. Ltd. and to refinance existing debt.

Closing is expected in January.

MB Aerospace, a Blackstone portfolio company, is an East Granby, Conn.-based provider of advanced technological solutions to the aerospace and defense industry.

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