StandardAero to redeem remaining 11¼% notes due 2015 following tender

By Tali Rackner

Norfolk, Va., Feb. 5 - StandardAero issued a redemption notice for the $54,907,000 of its 11¼% senior notes due 2015 that were not tendered by the consent payment deadline, 5 p.m. ET on Feb. 3, according to a press release.

The notes will be redeemed at par plus accrued interest on March 7.

A total of $245,093,000 of the $300 million principal amount were tendered by the consent payment deadline.

Holders may tender their notes until 11:59 p.m. ET on Feb. 18 for consideration equal to $977.50 per $1,000 principal amount, plus accrued interest.

StandardAero is a Tempe, Ariz.-based company that specializes in engine maintenance, repair, overhaul and nose-to-tail services for business and general aviation, air transport and military aircraft. It is an indirect subsidiary of DAE Aviation Holdings, Inc.

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