BBA Aviation PLC Completion of bank refinancing (0499L)
April 16 2018 - 6:41AM
UK Regulatory
TIDMBBA
RNS Number : 0499L
BBA Aviation PLC
16 April 2018
16 April 2018
BBA Aviation plc announces the completion of bank
refinancing
BBA Aviation plc ("the Group"), a market-leading provider of
global aviation support and aftermarket services, is pleased to
announce the refinancing of one of the Group's existing bank
facilities.
The Group has successfully refinanced its $650 million unsecured
multicurrency revolving credit facility ("RCF") due to mature in
April 2019, with a new facility which will expire in March 2023.
The new RCF has been agreed predominantly with the Group's existing
lenders. The overall weighted average interest cost of the new
arrangement is in line with the existing facility.
David Crook, BBA Aviation Finance Director commented "We are
pleased to have secured the bank refinancing which provides the
Group with long-term financing to support the execution of our
growth strategy."
Notes:
The Group will publish its Q1 trading update on 11 May 2018
Enquiries:
BBA Aviation plc
David Crook, Group Finance Director
Kate Moy, Head of Investor Relations and Communications
(020) 7514 3999
Information on BBA Aviation plc
BBA Aviation plc is a market leading, global aviation support
and aftermarket services provider, primarily focused on servicing
the Business and General Aviation (B&GA) market. We support our
customers through three principal businesses: Signature Flight
Support and Signature TECHNICAir(TM) which provide premium, full
service flight and home base support including refuelling, ground
handling and MRO services through the world's largest fixed base
operation (FBO) network for B&GA users with around 200
locations covering key destinations in North America, Europe, South
America, Caribbean, Africa and Asia. Ontic is a leading provider of
high-quality equipment and cost-effective solutions for the
continuing support of maturing and legacy aerospace platforms with
locations in the USA, Europe and Asia. Engine Repair &
Overhaul/Global Engine Services is a leading independent engine
service provider to global B&GA operators, the rotorcraft
market and regional airline fleets with locations in the USA,
Europe, South America, Asia and the Middle East. For more
information, please visit www.bbaaviation.com
This information is provided by RNS
The company news service from the London Stock Exchange
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