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BBA Aviation talks $500 million eight-year senior notes in 5½% area; pricing Friday
By Paul A. Harris
Portland, Ore., April 19 – BBA Aviation talked its $500 million offering of eight-year senior notes (Ba2) to yield in the 5½% area, according to a market source.
Official talk comes tight to the 5½% to 5¾% initial guidance.
Pricing is expected on Friday.
J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, HSBC, NatWest, SMBC Nikko and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A for life offering.
The notes come with three years of call protection.
The London-based aviation support and aftermarket services provider plans to use the proceeds to repay debt and for general corporate purposes.
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