$7.35 Billion Financing for Rockwell Collins’ Acquisition of B/E Aerospace
Davis Polk is advising the administrative agent and lead arranger and bookrunner, in connection with a $4.35 billion unsecured bridge loan facility and a $1.5 billion unsecured term loan facility for Rockwell Collins, Inc. in connection with its proposed acquisition of B/E Aerospace, Inc., and a $1.5 billion refinancing of Rockwell Collins’ existing unsecured revolving credit facility.
Rockwell Collins is a leader in aerospace and defense design and production, with expertise in flight-deck avionics, cabin electronics, mission communications, information management, and simulation and training. Rockwell Collins has a global network across 150 countries, and its products are used in the majority of transport aircraft and U.S. military communications devices the across the world.
B/E Aerospace is a leading manufacturer of aircraft cabin interior products for both commercial airliners and business jets. Its portfolio includes aircraft cabin seating, lighting and engineering solutions, oxygen systems, food and beverage preparation and storage equipment, galley systems, as well as cabin interior reconfiguration, program management and certification services.
The Davis Polk corporate team includes partners James A. Florack and Joseph A. Hall and associates Samantha Hait and Alexandra (Z-Z) L. Cowen. All members of the Davis Polk team are based in the New York office.