Tronair readies launch of $145 million credit facility for Wednesday

By Sara Rosenberg

New York, Sept. 12 – Tronair is scheduled to hold a bank meeting on Wednesday morning to launch a $145 million credit facility, according to a market source.

SG Americas Securities LLC and Golub Capital are the joint lead arrangers on the debt.

The facility consists of a $20 million five-year revolver and a $125 million seven-year term loan B, the source said.

In addition, the company is getting a $55 million second-lien tranche that has been placed privately already.

Proceeds will be used to help fund the buyout of the company by Golden Gate Capital from Levine Leichtman Capital Partners.

Tronair is a Holland, Ohio-based designer, manufacturer and seller of ground support equipment for business, commercial and military aircraft.

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