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


Ares Commercial Finance Provides Secured Revolver to Stevens Aerospace and Defense Systems

October 21, 2019, 08:50 AM
Filed Under: Aerospace

Ares Commercial Finance announced that it has provided a senior secured revolving line of credit to Stevens Aerospace and Defense Systems LLC.  The company is owned by principals of the NTC Group, Inc.  Proceeds of the financing will be used to refinance the company’s existing credit facility and to provide ongoing working capital support.

Founded in 1950, Stevens Aerospace and Defense LLC is an independent maintenance, repair and overhaul company in the U.S., providing services to civilian, commercial and military operators of general aviation (“GA”) aircraft from its fixed base operations in Greenville, SC, Nashville, TN, Dayton, OH and Macon, GA. The Company services some of the largest GA aircraft operators in the world.

Week's News

Comments From Our Members

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