DynCorp International was recently featured at the Bank of America Merrill Lynch 2014 Leveraged Finance Conference in Boca Raton, Fla., on December 3, 2014. James Geisler, chief executive officer, Bill Kansky, chief financial officer, and Brendan Burke, vice president and treasurer, participated in the event.
Kansky delivered a presentation on the Company’s current operating environment, recent key contract wins, opportunities for future new business and third quarter 2014 financial results. He also discussed financial guidance for 2014 and 2015, as well as DI’s amended credit facility.
“We kept our eye towards deleveraging – in the third quarter this year we paid down $30 million of debt. That brings us to a total of $90 million for the year and $383 million to date. It’s been an important strategy for the company and we will continue with that theme,” said Kansky.
When discussing future opportunities and global and budget challenges, he commented, “DI has the capability to perform all these missions and help the United States’ foreign policy and national security objectives be realized.”
In discussing key wins, he mentioned a five-year potential $443 million contract to provide aircraft maintenance and logistics support for T-34, T-44 and T-6 aircraft awarded in October.
“It’s an important win for us, not only because it is a large piece of business that’s going to be profitable but also we’ve been looking to expand our footprint with the Navy for quite some time and this win accomplishes that.”
Bank of America Merrill Lynch 2014 Leveraged Finance Conference
The Bank of America Merrill Lynch 2014 Leveraged Finance Conference took place Monday, December 1 to Wednesday, December 3, 2014 at the Boca Raton Resort & Club in Boca Raton, Fla. The event is attended by leading investors and senior company executives. Participants share their views, reveal winning business strategies and identify cutting-edge investment opportunities. More than 170 high yield companies participated.