Albertsons, MB Aerospace, US Farathane accelerate loan commitment deadlines

By Sara Rosenberg

New York, Dec. 9 – In the primary market on Wednesday, Albertsons Cos. LLC, MB Aerospace and US Farathane Corp. all moved up the commitment deadlines on their new loans.

Albertsons accelerated the commitment deadline on its $1,145,000,000 seven-year senior secured covenant-light term loan B to noon ET on Wednesday from 5 p.m. ET on Wednesday, according to a market source. Closing is expected on Dec. 17.

MB Aerospace revised the commitment deadline on its $185 million credit facility to close of business on Thursday from Friday, a source remarked. Closing is expected this year, subject to customary regulatory approvals.

Another deal to move up its commitment deadline was US Farathane, with lenders now having until Thursday to place their orders for a fungible $110 million add-on term loan (B2) instead of until Friday, a market source said.

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