Advanced Integration launches $107 million term loan to investors

By Sara Rosenberg

New York, March 9 – Advanced Integration Technology LP held a lender call at 1:30 p.m. ET on Thursday to launch a $107 million six-year incremental first-lien term loan, according to a market source.

UBS Investment Bank is the bookrunner on the deal.

Price talk on the loan is Libor plus 550 basis points with a step to Libor plus 475 bps on July 23, a 1% Libor floor and a par issue price, the source said.

Included in the loan is 101 soft call protection for six months.

Proceeds will be used to fund an acquisition.

Commitments are due on March 21, the source added.

Advanced Integration is a Plano, Texas-based industrial automation and tooling company delivering turnkey factory integration to the aerospace industry.

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