Consolidated Aerospace firms term loan pricing at Libor plus 400 bps

By Sara Rosenberg

New York, Feb. 13 - Consolidated Aerospace Manufacturing LLC finalized pricing on its $225 million six-year term loan at Libor plus 400 basis points, the tight end of the Libor plus 400 bps to 425 bps talk, according to a market source.

As before, the loan has a 1% Libor floor, an original issue discount of 99½ and 101 soft call protection for six months.

The company's $250 million senior secured credit facility also includes a $25 million five-year revolver.

RBS Citizens is the lead bank on the deal.

Proceeds will be used to fund an acquisition.

Consolidated Aerospace is a manufacturer of fittings, hardware and fastening solutions for the aircraft and aerospace industries.

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