Magellan Aerospace amends, restates C$75 million two-year revolver

By Sarah Lizee

Olympia, Wash., Sept. 14 – Magellan Aerospace Corp. amended and restated its operating credit agreement with its existing lenders, providing for a C$75 million two-year multi-currency revolving credit facility, according to a press release.

There is a C$75 million accordion option to increase the size of the facility to about C$150 million.

The maturity date was extended to Sept. 13, 2020. Extensions are subject to mutual consent of the syndicate of lenders and Magellan.

Magellan Aerospace is a Toronto-based aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies.

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