StandardAero to launch $240 million incremental term loan on Tuesday

By Sara Rosenberg

New York, April 7 – StandardAero Aviation Holdings Inc. is set to hold a lender call at 1 p.m. ET on Tuesday to launch a fungible $240 million incremental term loan, according to a market source.

Jefferies Finance LLC is the lead bank on the deal.

Proceeds will be used to fund the acquisition of PAS International Holdings, to repay debt and for general corporate purposes.

StandardAero is a Scottsdale, Ariz.-based provider of aircraft engine maintenance, repair and overhaul services. PAS is a high technology components provider for the aerospace, oil and gas, and industrial gas turbine markets.

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