Atlantic Aviation Refinances Debt Under Multi-Million Dollar Loan

Macquarie Infrastructure’s Company’s (MIC) subsidiary, Atlantic Aviation, has refinanced all of its previously outstanding long-term debt under a seven-year $465m term-loan. In addition, Atlantic Aviation has gained a $70m revolving credit facility to fund its expansion. "The business is now appropriately capitalised for the next phase of its history," said James Hooke, CEO of MIC. The interest rate on the new term loan is LIBOR plus a 2.5 per cent margin. The LIBOR component has a floor of 75 basis points.

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