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