Wesco Aircraft structure emerges on $675 million credit facility ahead of Tuesday launch

By Sara Rosenberg

New York, Sept. 8 - Wesco Aircraft Hardware Corp. released details on its proposed credit facility as the deal is gearing up to launch with a bank meeting on Tuesday morning, including that the total size of the transaction is $675 million, according to a market source.

Tranching on the deal includes a $75 million six-year revolver, a $435 million seven-year term loan B and a $165 million 71/2-year second-lien term loan, the source said, adding that price talk is not yet available.

Lehman Brothers and Bank of America are the lead banks on the facility, with Lehman the left lead.

Proceeds will be used to help fund leveraged buyout of Wesco by The Carlyle Group.

Wesco Aircraft is Valencia, Calif., distributor of aerospace hardware and provider of inventory management services.

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