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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
CIBC Arranges up to $75MM in New Financing for Chorus Aviation
Monday, September 4, 2017
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Lenders/Participants
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CIBC [Lead Arranger, Administrative Agent]
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Structure
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Operating Credit Facility
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Amount
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$50.000
Million
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Borrower(s)
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Chorus Aviation Inc.
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Description
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A three- year committed operating credit facility. The facility provides Chorus and certain designated subsidiaries with a committed limit of up to $50,000,000 with the opportunity to borrow up to a further $25,000,000 on a demand basis, subject in each case to a borrowing base calculation based principally on the value of eligible accounts receivable, inventory and equipment. This facility replaces $40,000,000 in demand operating credit facilities previously held by Chorus and certain of its subsidiaries. Additional transaction details not disclosed.
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Industry
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Aviation
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| Related Tags |
CIBC
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ABL Advisor
Deal Tables
2025
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