Wesco Aircraft to launch $765 million credit facility on Wednesday

By Sara Rosenberg

New York, March 11 - Wesco Aircraft Hardware Corp. is scheduled to hold a bank meeting on Wednesday to launch a $765 million credit facility, according to a market source.

Bank of America Merrill Lynch and Barclays are the joint lead arrangers on the deal and bookrunners, with J.P. Morgan, Morgan Stanley, RBC and Sumitomo.

The facility consists of a $150 million five-year revolver, a $200 million five-year term loan A and a $415 million six-year term loan B, the source said.

Proceeds will be used to refinance existing debt.

Wesco is a Valencia, Calif.-based integrated inventory management services provider and distributor of hardware and other components to the aerospace industry.

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