Ducommun gets $120 million unsecured amended and restated revolver

By Sara Rosenberg

New York, June 30 - Ducommun Inc. closed on a $120 million unsecured amended and restated revolving credit facility due June 30, 2014, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Bank of America acted as the lead arranger, bookrunner and administrative agent on the deal that was completed on June 26.

Pricing can range from Libor plus 250 basis points to 300 bps and the unused fee can range from 50 bps to 60 bps, based on leverage.

Covenants include minimum fixed-charge coverage, maximum leverage and minimum net worth requirements.

Ducommun is a Carson, Calif.-based designer, engineer and manufacturer of aerostructure and electromechanical components and subassemblies.

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