VSE Corporation enters new $900 million term loan B and upsizes existing revolving credit facility

Client(s) VSE Corporation

Jones Day represented VSE Corporation, a leading provider of aviation distribution and repair services for the commercial and B&GA aftermarkets, in connection with an amendment to its existing credit agreement. The amendment included a new $900 million term loan B facility and a $100 million upsize to the company’s revolving credit facility, along with a joinder of several newly acquired subsidiaries to the credit agreement and related security documents. The proceeds of the term loan B facility were used as partial consideration for the approximately $2.025 billion acquisition of Precision Aviation Group.