The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Sterling National Bank Expands, Extends Credit Facilities for Air Industries Group
Tuesday, November 30, 2021
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Lenders/Participants
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Sterling National Bank [Lender]
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Structure
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$20MM Revolver
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Amount
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$20.000
Million
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Borrower(s)
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Air Industries Group
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Description
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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.
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Industry
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Aerospace
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| Related Tags |
Sterling National Bank
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ABL Advisor
Deal Tables
2024
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