Wesco Aircraft Holdings announced that it has completed the acquisition of Haas Group from certain investment funds affiliated with The Jordan Company, pursuant to the definitive agreement announced by the company on January 30, 2014.

Wesco said the acquisition of Haas was funded by a combination of a new $525 million term loan B facility that was added to the company’s existing senior secured credit facilities, a $40 million draw under Wesco’s existing revolving credit facility and cash from the company’s balance sheet.

The term loan B has been provided by a group of lenders led by BofA Merrill Lynch acting as lead arranger, and Barclays Bank PLC, Morgan Stanley Senior Funding and RBC Capital Markets acting as joint book runners.

The term loan B will carry a variable rate of interest based on, at the option of the Company, either a base rate or the Eurocurrency rate plus, in each case, an applicable margin. The applicable margin for the new term loan B is 1.50% for base rate loans (with a base rate floor of 1.75%), and 2.50% for Eurocurrency rate loans (with a Eurocurrency rate floor of 0.75%). The new term loan B will mature on February 28, 2021.

West Chester, PA-based Haas is a global provider of chemical supply chain management solutions to the commercial aerospace, airline, military, energy, and other markets.