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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
HSBC Bank, Fifth Third Bank Arrange $225MM ABL Credit Facility for GA Telesis
Wednesday, November 17, 2021
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Lenders/Participants
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HSBC Bank USA [Lead Lender]
Fifth Third Bank [Lead Lender]
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Structure
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Asset-based Loan Facility
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Amount
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$225.000
Million
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Borrower(s)
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GA Telesis
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Description
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A new five-year, $225 million ABL credit facility. The facility comprises nine global, super-regional, and regional banks with HSBC Bank USA as Administrative Agent. The facility refinanced an existing $225 million ABL facility led by HSBC, which was set to expire in 2022. The new facility has improved availability, pricing, and other terms consistent with or better than the current facility with the support of a larger and more diverse bank group. The proceeds from the facility will be used for general corporate purposes, acquisitions, and funding future growth. In addition, the five-year term and competitive borrowing costs will provide financial stability while allowing the Company to make longer-term acquisition decisions.
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Industry
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Aviation
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| Related Tags |
Fifth Third Bank, HSBC Bank USA
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ABL Advisor
Deal Tables
2025
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