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Blackstone Credit & Insurance and Jet Support Services, Inc. Announce Over $1 Billion in New Financings to Support Recapitalization

Dec 10, 2024•over 1 year ago

Contract Type

partnership

New YorkFinancial ServicesFinance

Description

Blackstone Credit & Insurance and Jet Support Services, Inc. have announced over $1 billion in new financings to support the recapitalization of JSSI, the world’s largest independent provider of hourly cost maintenance programs for business aircraft engines, auxiliary power units, and airframes. These strategic financings will enable JSSI to strengthen its capital structure and continue its growth trajectory in the business aviation sector.

Company Information

Company

Blackstone

Location

New York, New York, United States

About

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. SOURCE Simplilearn Solutions Private Limited

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