When a private equity-owned aerospace and defense manufacturer sought a financial lender to fuel its aggressive growth trajectory, it chose Republic Business Credit as its trusted partner. Republic provided a $3,500,000 Asset-Based loan (ABL) facility that empowered the company to capitalize on significant demand and accelerate its contributions to global security and defense initiatives.

The revolver portion of the facility provided availability across the company’s inventory and accounts receivable. Republic provided a $500,000 equipment term loan as part of closing to help consolidate the company's senior debt facility with Republic.  

The company is a global leader in the design, manufacturing and distribution of essential components for the aerospace and defense industry. The company also specializes in advanced sensors, systems and processes that it supplies to more than 300 customers worldwide, including the U.S. Department of Defense.

Balancing the needs of our private equity sponsors with the unique financing needs of their portfolio companies is vital to Republic’s approach," stated William Kemp, SVP, Business Development Officer at Republic. “We structured this facility to maximize flexibility and borrowing availability, supporting the manufacturer’s impressive mission-critical work."

"We are deeply committed to supporting businesses that are foundational to our nation's economic strength and security," said Matthew Begley, Chief Operating Officer and board member at Republic." We are proud to empower a pacesetter in global aerospace and defense, allowing its leaders to focus on innovation and fulfillment of its high-priority backlog."