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Great Rock Capital Closes $23MM Credit Facility with PCX Aerostructures

March 14, 2018, 07:12 AM
Filed Under: Aviation

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $23 million senior secured loan with PCX Aerostructures (PCX), a leading supplier of highly engineered, precision, flight critical parts and structural assemblies for military and commercial aerospace platforms.

The new capital will enable PCX to continue to grow and enhance their product offerings for new rotorcraft and fixed wing platforms while meeting the advanced requirements of the ever-changing aerospace industry. The facility includes a $21 million term loan and a $2 million capital expenditure facility.

"PCX has built a reputation for excellence in precision machining and complex fabrications, and we look forward to helping drive their continued growth as a leading supplier in the military and commercial aerospace industry," shared Stuart Armstrong, CEO of Great Rock Capital.

Jeff Frisby, President & CEO of PCX Aerostructures added, "We are excited about our partnership with Great Rock and what it entails for the future and growth of our business, especially as we remain focused on maintaining superior delivery and quality levels for our customers and outperforming our competition."


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