BBA Aviation Plc’s refinancing its revolving credit facility

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 a) 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; b) the related renegotiation of the terms of BBA’s US$1,650,000,000 term and revolving credit facilities; and c) 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.

Slaughter and May advised BBA Aviation on the deal with a Financing team led by Azadeh Nassiri (partner, in picture), assisted by Adam Burk (associate); on Tax law acted Michael Lane (partner) and Homyar Pahlan (associate) .

 

Involved fees earner: Azadeh Nassiri – Slaughter and May; Adam Burk – Slaughter and May; Homyar Pahlan – Slaughter and May; Michael Lane – Slaughter and May;

Law Firms: Slaughter and May;

Clients: BBA Aviation plc;