HDT Global launches $300 million term loan B at Libor plus 475 bps

By Sara Rosenberg

New York, Nov. 30 - HDT Global launched a $300 million six-year term loan B on Tuesday morning with price talk of Libor plus 475 basis points with a 1.5% Libor floor and an original issue discount of 99, according to a market source.

JPMorgan is the lead bank on the deal.

Proceeds will be used to refinance existing debt and to fund a dividend payment.

HDT Global is a Solon, Ohio-based manufacturer of deployable, expeditionary systems and high-performance aerial delivery systems for the U.S. Military, Allied Forces, Homeland Security and Emergency Management agencies.

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