Ontic to launch $85 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Sept. 20 – Ontic (Bleriot US Bidco Inc.) is set to hold a lender call at 10 a.m. ET on Wednesday to launch a non-fungible $85 million incremental covenant-lite first-lien term loan due October 2026, according to a market source.

Nomura Securities is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Sept. 27, the source added.

Proceeds will be used to repay outstanding revolving credit facility borrowings, for general corporate purposes and to pay fees and expenses.

Ontic is a provider of OEM-licensed parts and aftermarket services for mature aerospace and defense platforms.

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