Forming Machining to launch $370 million credit facilities Thursday

By Sara Rosenberg

New York, Sept. 18 – Forming Machining Industries Holdings LLC is scheduled to hold a bank meeting in New York on Thursday morning to launch $370 million of credit facilities, according to a market source.

Antares Capital and SunTrust Robinson Humphrey Inc. are the joint lead arrangers on the deal.

The facilities consist of a $50 million revolver, a $245 million first-lien term loan and a $75 million second-lien term loan, the source said.

Proceeds will be used to fund the acquisition of Atlas Group, a Wichita, Kan.-based manufacturer of flight critical, complex assemblies for a wide range of commercial, business and military aircraft.

Forming Machining, an AE Industrial Partners portfolio company, is a Park City, Kan.-based manufacturer of large, complex assemblies primarily for commercial aircraft.

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