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Atlantic Aviation launches $330 million term loan at 99.5-99.75 OID
By Sara Rosenberg
New York, Oct. 14 – Atlantic Aviation (KKR Apple Bidco LLC) launched on Thursday its fungible $330 million incremental first-lien term loan due 2028 with original issue discount talk of 99.5 to 99.75, according to a market source.
Pricing on the incremental first-lien term loan is Libor plus 300 basis points with a 0.5% Libor floor.
Jefferies LLC and KKR Capital Markets are the bookrunners on the deal.
Commitments are due at noon ET on Oct. 21, the source added.
Proceeds will be used to fund the acquisition of LYNX Aviation.
Atlantic Aviation is an operator of fixed base operations, providing a full suite of critical services to the private aviation sector.
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