Paul Hastings Represents RBC in Acquisition Financing for Dynamic Precision Group, Inc.
December 11, 2013
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and the joint lead arrangers and joint bookrunners in connection with an acquisition financing for Dynamic Precision Group, Inc., a turbine engine parts manufacturer affiliated with The Carlyle Group and AeroEquity Partners. The debt financing for such acquisition consisted of a $260 million term loan facility and a $70 million revolving credit facility. The proceeds of the credit facilities were used to partially finance the acquisition by Dynamic Precision Group, Inc. of manufacturing assets from a unit of GE Aviation.
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