Landmark Aviation sets Thursday lenders' meeting for $390 million loan

By Paul A. Harris

Portland, Ore., Oct. 2 - A lenders' meeting for Landmark Aviation's $390 million of credit facilities is set for Thursday morning, according to an informed source.

The deal is comprised of a $260 million seven-year first-lien term loan and a $130 million eight-year second-lien term loan.

Morgan Stanley & Co., RBC Capital Markets and Barclays are the joint lead arrangers.

Proceeds will be used to fund the buyout of Landmark Aviation by Carlyle Group LP.

The co-borrowers are LM U.S. Member LLC and LM U.S. Acquisition Inc.

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

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