DAE Aviation to launch $300 million second-lien term loan on Tuesday

By Sara Rosenberg

New York, Jan. 17 - DAE Aviation Holdings Inc. will hold a bank meeting at 1:30 p.m. ET on Tuesday to launch a $300 million second-lien term loan and a repricing of its roughly $540 million first-lien term loan due Nov. 2, 2018, according to a market source.

Barclays, Bank of America Merrill Lynch and Goldman Sachs Bank USA are the joint lead arrangers and bookrunners on the deal.

The second-lien term loan will be used to refinance the company's existing 2015 senior notes, the source said.

DAE is an aircraft MRO provider.

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