Landmark Aviation to launch first-lien term loan add-on Friday

By Sara Rosenberg

New York, Jan. 3 - Landmark Aviation (formerly Piedmont/Hawthorne Holdings, Inc.) is scheduled to hold a conference call on Friday for existing lenders only to launch an add-on to its first-lien term loan, according to a market source.

Lehman Brothers is the left lead bank on the deal.

Proceeds from the first-lien add-on will be used to refinance the company's existing second-lien term loan debt, the source said.

Details on the size of the add-on and price talk are expected to emerge on the conference call.

Landmark Aviation is a Tempe, Ariz., provider of aftermarket services to the business aviation industry.

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