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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of Amercia Agents $340MM Credit Faciltiy for Ducommun
Tuesday, November 27, 2018
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Lenders/Participants
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Bank of America [Administrative Agent, Swing Line Lender, Issuing Lender]
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Structure
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$100MM Revolver; $240MM Term Loan
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Amount
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$340.000
Million
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Borrower(s)
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Ducommun Incorporated
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Description
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A new credit facility, consisting of a $100 million revolving line of credit and a $240 million term loan, to replace its existing debt structure. In connection with the transaction, the Company extinguished its existing $200 million revolving line of credit and its $275 million term loan, both of which mature in June 2020. The new revolving line of credit matures in November 2023 and the new term loan matures in November 2025. The initial variable interest rate on the new revolving line of credit will be LIBOR plus 2.25%, subject to adjustments based on the Company’s leverage ratio, and the rate on the new term loan will be LIBOR plus 4.00%, amortizing 1% annually.
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Industry
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Aerospace
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Location
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CA
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| Related Tags |
Bank of America
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ABL Advisor
Deal Tables
2025
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