Fortress Investment Group announced that funds managed by its affiliates have led a $500 million senior secured credit facility for Blue Raven Solutions, LLC.

The financing consists of a $450 million term loan and a $50 million revolving credit facility used to refinance existing indebtedness and simplify the company’s capital structure. Fortress served as admin agent and sole arranger on the credit facility.

Blue Raven Solutions, portfolio company of AE Industrial Partners, provides tech-enabled, scalable supply chain management solutions to original equipment manufacturer partners, and government, commercial aerospace and defense organizations.

“Blue Raven has built a strong position within the aerospace and defense industry ecosystem, supported by long-standing customer relationships, a growing base of contracted revenue, and a strong sponsor in AE Industrial Partners,” said Dustin King, Managing Director in Corporate Credit at Fortress.

“We are pleased to support Blue Raven and AE Industrial Partners with this financing – which we believe represents a compelling investment opportunity for our investors,” said Andy Frank, Managing Director and Global Head of Origination at Fortress.

“We appreciate Fortress’ continued support of Blue Raven and their leadership arranging this quality lender group. The new credit facilities will support Blue Raven’s mission of improving military and commercial fleet readiness,” said Charlie Compton, Managing Partner at AE Industrial Partners.