FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


LBC Credit Partners Supports Recapitalization of Employee-Owned AirBorn

October 24, 2018, 07:16 AM
Filed Under: Manufacturing

LBC Credit Partners (LBC) provided a $60 million senior secured term loan to support the recapitalization of AirBorn, Inc.

AirBorn is a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP) AirBorn's core business is engineering and manufacturing connectors for Original Equipment Manufacturers worldwide.

AirBorn has extensive expertise in cable assemblies, flexible circuits and also offers comprehensive value-added services including design and engineering services, PCB assembly, box builds, power supply manufacturing, plus full testing and lab services. AirBorn services customers across a wide variety of industries such as aerospace, defense, medical, industrial automation and energy. AirBorn currently operates several manufacturing facilities in the United States as well as in the United Kingdom and Canada.

LBC served as Administrative Agent and Sole Lender for the senior secured term loan.



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.