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Dunlop Standard to redeem 11 7/8% notes as part of sale
New York, July 6 - Dunlop Standard Aerospace Group said it plans to redeem its outstanding 11 7/8% senior notes due 2009 as part of the acquisition of the company by Meggitt plc and The Carlyle Group.
The transaction is expected to close in August.
On closing of the sale, Meggitt will acquire the Dunlop Aerospace Design and Manufacturing Division based in Coventry, United Kingdom, and The Carlyle Group will acquire the Standard Aero Engine Maintenance, Repair and Overhaul Division.
Dunlop Standard has been owned by Doughty Hanson since 1998.
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