DCF Advises AirBorn in Goldman Sachs Specialty Lending Financing
Deloitte Corporate Finance (DCF) announced its role as the exclusive financial advisor to AirBorn in securing financing from Goldman Sachs Specialty Lending Group. AirBorn engaged DCF to assist in raising capital to help provide liquidity for shareholder-related matters and flexibility for corporate growth initiatives.
DCF’s employee stock ownership plan (ESOP) corporate finance experience was leveraged to assist in analyzing several factors affecting the company’s future cash needs including obligations related to the company’s S-Corp ESOP structure and synthetic equity positions.
“We are very pleased to have leveraged our extensive ESOP corporate finance experience and capital markets reach to assist AirBorn, Inc. in sourcing and negotiating a junior security,” remarked Lou Paone, managing director, Deloitte Corporate Finance LLC, and head of DCF’s ESOP advisory practice.
Georgetown, TX-based AirBorn is an employee-owned, international manufacturer of specialty electronics for the aerospace, defense, medical, industrial automation and energy industries.
Goldman Sachs Specialty Lending Group is the firm’s investment platform dedicated to providing financing solutions ranging from traditional senior bank debt through mezzanine solutions to middle-market companies based in the U.S. and Canada.