MRO Holdings firms $223 million term B at Libor plus 475 bps

By Sara Rosenberg

New York, Nov. 20 – MRO Holdings Inc. set pricing on its $223 million term loan B at Libor plus 475 basis points, the high end of the Libor plus 450 bps to 475 bps talk, according to a market source.

As before, the term loan has a 1% Libor floor, a par issue price and 101 soft call protection for six months.

RBC Capital Markets is the lead left arranger. Credit Suisse Securities (USA) LLC is the administrative agent.

Proceeds will be used to reprice an existing term loan B down from Libor plus 525 bps with a 1% Libor floor.

MRO Holdings is a provider of maintenance, repair and overhaul services to the airline and freight carrier industries.

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