debt
confidence high
sentiment positive
materiality 0.85
Bridger Aerospace closes $331.5M Bain Capital facility and $49M sale-leaseback
Bridger Aerospace Group Holdings, Inc.
- New $331.5M senior secured facility: $210M term loan, $21.5M revolver, $100M delayed draw for fleet expansion.
- Proceeds used to repay $160M Gallatin County municipal bonds, plus prior loans from Live Oak and UMB Bank.
- Completed $49M sale-leaseback of Bozeman Yellowstone airport campus; 10-year lease; gain on sale expected in Q4.
- Facility matures Oct 2030; interest at SOFR+6% or ABR+5%; prepayment premium 3%/2%/1% over first three years.
- Bain Capital gets non-voting board observer rights; Stifel acted as sole debt placement agent.