Atlantic Aviation to launch $325 million term loan on Thursday

By Sara Rosenberg

New York, July 13 – Atlantic Aviation (KKR Apple Bidco LLC) is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a non-fungible $325 million incremental first-lien term loan (B1/B+) due Sept. 23, 2028, according to a market source.

Jefferies LLC, KKR Capital Markets, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., HSBC Securities (USA) Inc., Mizuho, BNP Paribas Securities Corp., ING, Societe Generale, SMBC, Wells Fargo Securities LLC and U.S. Bank are the bookrunners on the deal.

The incremental term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to refinance existing revolving credit facility borrowings and for general corporate purposes.

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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