B/E AEROSPACE CLOSES $750 MILLION CREDIT FACILITY

Dino D'Amore
By Dino D'Amore December 14, 2010 14:58

B/E AEROSPACE CLOSES $750 MILLION CREDIT FACILITY

Aircraft cabin parts manufacturer B/E Aerospace has closed a $750 million revolving credit facility that will mature in December 2015.

The cash has been used to refinance the $343 million outstanding balance on an existing loan and has replaced its revolver with the new facility. JPMorgan Chase was administrative agent; while UBS Securities and Credit Suisse were syndication agents. The Royal Bank of Scotland, SunTrust Bank and Wells Fargo Bank were the documentation agents.

Dino D'Amore
By Dino D'Amore December 14, 2010 14:58
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