Standard Aero to start roadshow Tuesday for $200 million 10-year notes

By Paul A. Harris

St. Louis, Aug. 9 - Standard Aero Holdings Inc. will start a roadshow Tuesday for a $200 million offering of 10-year senior subordinated notes (Caa1/B-), according to a market source.

Pricing is expected mid-week during the week of Aug. 16.

JP Morgan and Lehman Brothers are the bookrunners for the Rule 144A offering.

The notes will come with five years of call protection.

Proceeds will be used to help fund the Carlyle Group's acquisition of the Standard Aero division from Dunlop Standard Aerospace Group for about $670 million.

Standard Aero is a Winnipeg, Manitoba-based provider of turbine engine maintenance, repair and overhaul for aircraft engines and industrial gas turbines.

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