Slaughter and May advised BBA Aviation Plc on the implementation of its strategic capital allocation policy

14 May 2018

Slaughter and May advised BBA Aviation Plc (BBA), a market-leading provider of global aviation support and aftermarket services, in relation to the implementation of its strategic capital allocation policy.

The transaction involved:

  • the refinancing of BBA’s existing US$650,000,000 revolving credit facility. The new facility has been made available by a syndicate of existing and new lenders and matures in March 2023;
  • the related renegotiation of the terms of BBA’s US$1,650,000,000 term and revolving credit facilities; and
  • amendments to all of BBA’s bank debt facilities in connection with the issuance of US$500,000,000 5.375% senior unsecured notes due 2026 by a wholly-owned subsidiary of BBA.

Contacts

Financing: Azadeh Nassiri (partner), Adam Burk (associate); Tax: Michael Lane (partner), Homyar Pahlan (associate) 


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