The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
TAB Bank Provides $4MM Facility to Provider of Support Solutions for Aerospace, Defense Industries
Monday, November 23, 2020
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Lenders/Participants
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TAB Bank [Lender]
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Structure
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Revolving Line of Credit
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Amount
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$4.000
Million
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Borrower(s)
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Undisclosed
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Description
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An additional $4MM revolving credit facility to support the related Canadian entity of an existing client. The relationship was first formed in May of 2018 to refinance and restructure the debt of the US parent and its three domestic operating entities and to provide additional liquidity for growth. The new facility for the Canadian arm of this US client will be used to refinance previous senior debt facilities in Canada and provide capital for ongoing working capital requirements. By having all facilities with one institution it will streamline the internal management of funds and improve efficiencies in the day to day operations.
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Industry
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Aerospace
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| Related Tags |
TaB Bank
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ABL Advisor
Deal Tables
2024
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