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StandardAero Posts Tender Offer and Consent Solicitation

January 24, 2014

StandardAero announced that DAE Aviation Holdings, Inc. , its indirect parent, has commenced a cash tender offer to purchase any and all of its outstanding $300.0 million aggregate principal amount of 11.25 percent Senior Notes due 2015. In a release on January 21 , the Company noted that as part of the tender offer, it is soliciting consents (the "Consent Solicitation") for amendments that would, among other modifications, eliminate substantially all of the restrictive covenants and certain default provisions contained in the indenture governing the notes. Holders who tender their notes will be deemed to consent to all of the proposed amendments and holders may not deliver consents without tendering their notes. The tender offer and consent solicitation is being made pursuant to the Offer to Purchase and Consent Solicitation Statement, dated January 21 , (the "Offer to Purchase"), and a related Letter of Transmittal and Consent, which more fully set forth the terms and conditions of the tender offer and consent solicitation. The tender offer will expire at 11:59 p.m. , New York City time, on February 18 , unless the tender offer is extended or earlier terminated (the "Expiration Date"). Under the terms of the tender offer and consent solicitation, holders of the notes who validly tender and do not withdraw their notes prior to 5 p.m. , New York City time, on February 3 , (as such time and date may be extended, the "Consent Payment Deadline") and whose notes are accepted for purchase, will receive the "Total Consideration," which is equal to the "Tender Offer Consideration" plus a consent payment of $30.00 per $1,000 principal amount of tendered notes promptly following the Company's acceptance of the tendered notes for purchase on the initial payment date (the "Initial Payment Date"). Holders of notes who validly tender their notes after the Consent Payment Deadline but on or before the Expiration Date, and whose notes are accepted for purchase, will receive only the Tender Offer Consideration. StandardAero is an independent provider of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. More information: www.dubaiaerospace.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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