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

Print

BizCap Secures $20MM Credit Facility for Schweizer RSG

August 30, 2022, 07:53 AM
Filed Under: Aviation

BizCap secured a $20 million credit facility for its client, Schweizer RSG, a leading manufacturer of helicopters and aviation industry parts supplier. The new ABL revolving credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its helicopters, repair services and spare parts.

“We’re thrilled with the work BizCap conducted to secure this new debt facility for our growing company,” said David Horton, president & CEO of Schweizer. “The team at BizCap leveraged their market knowledge and expertise to deliver a solution that will enable us to execute on the next phase of our growth strategy,” added Horton.

Based in Fort Worth, Schweizer was founded in 2017 to continue manufacturing the Schweizer brand of helicopters and its spare parts. The Schweizer brand has a rich history of product success and customer loyalty dating back to 1956 and the first Hughes 269, the helicopter model that would later become a Schweizer. Since the first model's inception, approximately 4,000 helicopters have been sold, with a strong global demand for continued maintenance and spare parts, both of which are provided by Schweizer in addition to new aircraft sales and overhauls.

“The management team at Schweizer was a pleasure to work with,” said Chuck Doyle, president and CEO of BizCap. “Once we developed a deep understanding of their business and their strategic advantages in the aviation industry, we knew we could secure a financing solution to support their growth,” he added.







Comments From Our Members

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