Wesco Aircraft gets financing commitment via BofA, Deutsche for merger

By Marisa Wong

Los Angeles, Aug. 9 – Wesco Aircraft Holdings Inc. announced a debt financing commitment in connection with its acquisition by an affiliate of Platinum Equity.

The debt will be provided by Bank of America, NA and Deutsche Bank Securities Inc., according to an 8-K filing with the Securities and Exchange Commission.

The transaction, valued at about $1.9 billion, will also be financed through committed equity financing provided by affiliates of Platinum Equity Partners IV, LP.

Upon closing, Wesco will be combined with Platinum Equity portfolio company Pattonair, a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom.

The transaction is expected to be completed by the end of 2019, subject to Wesco shareholder approval and other closing conditions.

Wesco is a Valencia, Calif.-based distributor and provider of comprehensive supply chain management services to the global aerospace industry.

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