Aircast LBO Hits Mart

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Aircast LBO Hits Mart

Credit Suisse First Boston and Wachovia Securities launched syndication last Thursday for an $85 million credit backing Tailwind Capital Partners' acquisition of Aircast.

Credit Suisse First Boston and Wachovia Securities launched syndication last Thursday for an $85 million credit backing Tailwind Capital Partners’ acquisition of Aircast. The credit comprises a $5 million revolver, $50 million “B” loan and $30 million second-lien term loan. The first lien is being offered at LIBOR plus 3 1/4%, while the second lien went out at LIBOR plus 7%. Lawrence Sorrel, a managing partner with Tailwind, did not immediately return calls.

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