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MRO Holdings to launch $360 million term loan B on Wednesday
By Sara Rosenberg
New York, May 9 – MRO Holdings Inc. is scheduled to hold a bank meeting at 10 a.m. ET in New York on Wednesday to launch a $360 million senior secured term loan B, according to a market source.
RBC Capital Markets is the lead left arranger on the deal.
Proceeds will be used to refinance existing debt and fund a distribution to shareholders.
Caoba Capital is the sponsor.
MRO Holdings is a provider of maintenance, repair and overhaul services to the airline and freight carrier industries.
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