AvAir closes $170 million in new revolving credit facilities to support its growth plans. The financing involves six banks and provides additional flexibility for strategic acquisitions and expansions.
Amount Raised
$170 Million
Round Type
Debt Financing
ChandlerAerospaceInvestors
Description
AvAir has announced the closing of $170 million in new revolving credit facilities with six financial institutions. This expanded capacity will enable AvAir to execute its aggressive growth plan, including inventory acquisitions and investments in new capabilities. The financing underscores the strength of AvAir's business and the opportunities ahead. This move follows AvAir's recent acquisition of Full Stop Technics, enhancing its aftermarket platform.
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