Olshan Represents Aerojet Rocketdyne Holdings, Inc. in $750 Million Refinancing

Olshan attorneys Steve Wolosky, Jason Saltsberg, and Claudia Dubón assisted Aerojet Rocketdyne Holdings, Inc., a leading manufacturer of aerospace and defense products, in a major refinancing that will provide it with greater financial flexibility to execute its long-term strategic agenda and substantially reduce its interest expense.  The amended and restated credit facility, with Bank of America, N.A. as administrative agent, replaces Aerojet’s existing revolving credit facility, in an aggregate principal amount of up to $350 million (with a $100.0 million subfacility for standby letters of credit and a $10.0 million subfacility for swingline loans) and provides for a delayed draw term loan facility in an aggregate principal amount of up to $400 million.