FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Cerberus Capital Provides $30MM Term Loan to DynCorp

June 17, 2016, 07:33 AM
Filed Under: Logistics

DynCorp International announced the closing of its previously announced exchange offer and consent solicitation relating to its 10.375% Senior Notes due 2017. The company also announced the completion of the other elements of its comprehensive refinancing of outstanding secured and unsecured indebtedness to extend debt maturities (Refinancing Transactions.)

As part of the Refinancing Transactions, the company entered into a Third Lien Credit Agreement . Under the Third Lien Credit Agreement,  Cerberus Capital Management provided a $30 million term loan to the company, the proceeds of which will be used to fund the company’s Global Advisory Group for a two-year period.

DynCorp International, a wholly-owned subsidiary of Delta Tucker Holdings, Inc., is a leading global services provider offering unique, tailored solutions for an ever-changing world. Built on seven decades of experience as a trusted partner to commercial, government and military customers, DynCorp International provides sophisticated aviation, logistics, training, intelligence and operational solutions wherever we are needed. DynCorp International is headquartered in McLean, VA.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.