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News Stories (21 Results) - Aircraft

Gerber Finance provided a $1 million line of credit to Spectron Glass & Electronics, a provider of state of the art tilt sensors for both the military and commercial marketplaces. Spectron tilt sensors have been designed into most of the worlds jet... Read Story

May 05, 2020, 07:55 AM

A syndicate of 18 banks has arranged $13 billion in new financing for Boeing, as it grapples with the fallout from the failure of its 737 Max program. That's according to a report published by Bloomberg News that cites documents showing strong... Read Story

February 05, 2020, 08:45 AM

CIT Group Inc. announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland."We were pleased... Read Story

December 10, 2019, 08:55 AM

CIT Group Inc. announced its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.Founded in 2010, AerFin is... Read Story

November 06, 2019, 08:40 AM

Air Transport Services Group, Inc. announced that it has completed the previously announced acquisition of Omni Air International LLC (Omni Air), a passenger ACMI and charter services provider, along with related entities, for $845 million, subject... Read Story

November 12, 2018, 07:17 AM

The Boeing Company entered into a $2.5 billion, 364-day revolving credit agreement with Citigroup Global Markets Inc. and JPMorgan Chase Bank, N.A. as joint lead arrangers and joint book managers, JPMorgan Chase Bank, N.A. as syndication agent and... Read Story

November 06, 2017, 07:44 AM

MidCap Financial announced it has provided a $150 million senior credit facility to Erickson Incorporated, a global provider of aviation services. The credit facility supports Erickson’s emergence from Chapter 11 bankruptcy and will provide ongoing... Read Story

May 08, 2017, 07:04 AM

Milestone Aviation Group Limited, a GE Capital Aviation Services company and the global leader in helicopter leasing, announced a commitment letter with Bristow Group Inc., a leading provider of global industrial aviation services. Under the... Read Story

February 03, 2017, 07:00 AM

CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary... Read Story

October 07, 2016, 07:21 AM

Waypoint Leasing (Ireland) Limited, the largest independent global helicopter leasing company, has closed a revolving credit facility led by the Specialty Finance Lending unit of KeyBank, N.A. This facility provides additional revolving capacity to... Read Story

May 12, 2016, 07:33 AM

Citizens Bank announced it is leading an $80 million senior secured credit facility as part of the acquisition of Everett, WA-based Aviation Technical Services, Inc., by New York private equity firm JLL Partners, Inc.“Citizens was a valuable... Read Story

October 30, 2015, 07:40 AM

BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and is administrative agent for $66 million in senior credit facilities to Tronair, Inc.... Read Story

September 29, 2014, 07:53 AM

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $7 million of secured financing to support the acquisition of Ascent Aviation Services... Read Story

June 09, 2014, 07:18 AM

Waypoint Leasing, a leading global helicopter leasing company, announced that it has closed on a five year $72.5 million term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired... Read Story

May 14, 2014, 06:53 AM

Era Group Inc. has amended and upsized its existing revolving credit facility. The amended facility increases borrowing capacity by 50%, reduces the company's cost of capital and offers greater operational flexibility with the Company's global fleet... Read Story

April 01, 2014, 07:45 AM

Textron announced that it has reached agreement to purchase all outstanding equity interests in Beech Holdings, LLC, the parent of Beechcraft Corporation, for approximately $1.4 billion in cash.J.P. Morgan served as exclusive financial adviser to... Read Story

December 27, 2013, 07:34 AM

Milestone Aviation Group closed on a five-year, $600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750 million. This revolver represents the largest-ever debt facility for... Read Story

August 08, 2013, 07:16 AM

Air Lease Corporation announced today the closing of a four year unsecured revolving bank credit facility for $1.7 billion priced at LIBOR +1.45%, with no LIBOR floor.This new facility amends and updates our existing bank facility, by increasing the... Read Story

May 08, 2013, 07:16 AM

Erickson Air-Crane, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, entered into a... Read Story

May 03, 2013, 08:03 AM

Wesco Aircraft Holdings, a provider of comprehensive supply chain management services to the global aerospace industry, announced it has completed a refinancing of its senior secured credit facilities.Wesco Aircraft engaged Merrill Lynch, Pierce... Read Story

December 10, 2012, 08:10 AM

CPI Aerostructures amended its existing credit agreement to increase revolving credit commitments from $17 million to $35 million and to continue a $3.9 million principal balance term loan. The revolving credit line was extended four years until... Read Story

December 07, 2012, 07:48 AM