Wencor Group in $605 Million Refinancing

Cleary Gottlieb represented Wencor Group LLC (Wencor Group) in the refinancing of its existing first- and second-lien credit facilities.

The refinancing comprised of a $405 million senior secured first-lien term facility, a $75 million senior secured first-lien revolving facility, and a $125 million senior secured second-lien term facility.

Credit Suisse AG, Cayman Islands Branch serves as first-lien administrative agent and second-lien administrative agent under the new credit facilities. The transaction closed on June 19, 2019.

Wencor Group has been a trusted partner in aerospace for more than 60 years, offering parts manufacturing approval, design and development, component maintenance manuals and designated engineering repairs, and an extensive network of distribution solutions to help make flights safer and more cost effective.