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StandardAero buyout financing to include $485 million high-yield notes
By Paul A. Harris and Sara Rosenberg
Portland, Ore., June 5 – Debt financing for the buyout of StandardAero will include $485 million of notes, according to a market source.
The financing also includes a $1,075,000,000 credit facility, which will be led by Jefferies Finance LLC, KKR Capital Markets and MCS Capital Markets. The credit facility is set to launch at a bank meeting on Tuesday.
Proceeds will be used to help fund the buyout of the company by Veritas Capital from Dubai Aerospace Enterprise Ltd.
StandardAero is a Scottsdale, Ariz.-based provider of aircraft engine maintenance, repair and overhaul services.
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