StandardAero to launch $2.58 billion term loan on Wednesday

By Sara Rosenberg

New York, Aug. 8 – StandardAero (Dynasty Acquisition Co.) is set to hold a lender call at 11 a.m. ET on Wednesday to launch a $2.575 billion first-lien term loan due August 2028, according to a market source.

UBS Investment Bank and RBC Capital Markets are the lead arrangers on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to amend and extend an existing first-lien term loan by about 2½ years and refinance an existing 2021 incremental first-lien term loan into the new tranche.

Commitments/consents are due at noon ET on Aug. 16, the source added.

StandardAero is a Scottsdale, Ariz.-based provider of aircraft engine maintenance, repair and overhaul services for the aerospace and defense industries.

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