StandardAero, Inc. has entered into a new credit agreement through two of its subsidiaries, the U.S. Borrower (Dynasty Acquisition Co., Inc.) and the Canadian Borrower (Standard Aero Limited). The agreement includes a senior secured Term Loan B-1 Facility of $1.63 billion, a Term Loan B-2 Facility of $620 million, and a multicurrency Revolving Credit Facility of up to $750 million, with various interest rates and margins based on different base rates and adjusted by leverage ratios. The Term Loan Facilities are due in 2031, and the Revolving Credit Facility in 2029. The proceeds will repay previous credit agreements and cover related expenses, with additional borrowings possibly used for various corporate purposes. The agreement also details mandatory prepayment provisions, financial covenants, and events of default, and stipulates security and guarantees by certain U.S. and Canadian subsidiaries.
Key entities: - StandardAero, Inc. - Dynasty Acquisition Co., Inc. - Standard Aero Limited - Dynasty Intermediate Co., Inc. - UBS AG - StandardAero Aviation Holdings, Inc. - Royal Bank of Canada