Daily News: February 12, 2014

Reuters: BofA to Lead Wesco Aircraft $525M Acquisition Loan

Reuters reported Wesco Aircraft Holdings plans to tap the leveraged loan markets to back its acquisition of Haas Group, sources told Reuters .

According to Reuters , Wesco Aircraft Holdings is planning a $525 million term loan B, with Bank of America Merrill Lynch as lead left; and Barclays, Morgan Stanley and RBC to the right. The new seven-year term loan is expected to be covenant-lite, Reuters said further.

To read the entire Reuters article, click here.