debt
confidence high
sentiment neutral
materiality 0.65
StandardAero closes $2.25B in new credit facilities, refinances existing debt
StandardAero, Inc.
- U.S. Borrower entered $1.63B Term Loan B-1, Canadian Borrower $620M Term Loan B-2, and $750M revolver.
- Term Loan Facilities mature Oct 31, 2031; Revolving Facility matures Oct 31, 2029.
- Proceeds used to repay Prior Cash Flow and ABL credit agreements; revolver also for working capital.
- Floating rate based on Term SOFR/EURIBOR/CORRA/SONIA plus margins of 2.00%-2.25% for term loans.
- Facilities secured by first-priority pledges on equity and substantially all assets of loan parties.