December 7, 2012
Each of the revolving credit facility and the term loan facility 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 revolving credit facility and the term loan facility is based on the consolidated total leverage ratio of the Company and its subsidiaries and ranges from, for base rate loans, 0.75% to 1.50% (1.25% initially), and for Eurocurrency rate loans, 1.75% to 2.50% (2.25% initially).
Proceeds from the new credit facilities will be used (i) to refinance
Forward Looking Statements
Certain information in this news release contains forward-looking
statements with respect to the Company’s financial condition, results of
operations or business or its expectations or beliefs concerning future
events. Such forward-looking statements include discussions about the
Company’s business strategies and its expectations concerning future
operations, expected growth in its industry, revenues, earnings per
share, margins and profitability. In some cases, you can identify
forward-looking statements by terminology such as “will,” “expects,”
“believes” or the negative of these terms or other comparable
terminology. Although the Company believes that such forward-looking
statements are reasonable, it cannot assure you that any forward-looking
statements will prove to be correct. Such forward-looking statements
involve risks, uncertainties, estimates and assumptions that may cause
the Company’s actual results, performance or achievements to be
materially different than those set forth in this news release.
Additional information relating to factors that may cause actual results
to differ from the Company’s forward-looking statements can be found in
the Company’s filings with the
Wesco Aircraft Holdings, Inc.