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Sterling National Bank Expands, Extends Credit Facilities for Air Industries Group
Tuesday, November 30, 2021

Lenders/Participants Sterling National Bank [Lender]
Structure $20MM Revolver
Amount $20.000 Million
Borrower(s) Air Industries Group
Description Expanded the size of and extend the maturity of its Revolving Credit Facility and Term Loan. The revolving credit facility increased by 25%, or $4 million, from its current $16 million limit to $20 million. The inventory sublimit of the revolving credit facility also increased by $3 million, to $14 million. The maturity dates of both the revolving credit facility and term loan have been extended by three years, from December 31, 2022 to December 31, 2025.
Industry Aerospace
Related Tags Sterling National Bank