PRV Aerospace launches $27 million add-on term loan B to investors

By Sara Rosenberg

New York, Dec. 11 - PRV Aerospace LLC held a call on Tuesday morning to launch a $27 million add-on to its term loan B, according to a market source.

Pricing on the add-on, as well as on the existing term loan B, is Libor plus 525 basis points with a 1.25% Libor floor, the source said.

The add-on is being talked with an original issue discount of 991/2, the source added.

Proceeds will be used to support an acquisition.

GE Capital Markets is the lead bank on the deal.

PRV Aerospace is an Everett, Wash.-based aerospace and defense group.

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