Daily News: March 14, 2018

Great Rock Closes $23MM Credit Facility with PCX

Commercial finance company Great Rock Capital closed a $23 million senior secured loan with PCX Aerostructures, a supplier of precision, flight critical parts and structural assemblies for military and commercial aerospace platforms. The facility included a $21 million term loan and a $2 million capital expenditure facility.

The new capital will be used to grow and enhance PCX’s product offerings for new rotorcraft and fixed wing platforms while meeting the advanced requirements of the ever-changing aerospace industry.

“PCX has built a reputation for excellence in precision machining and complex fabrications, and we look forward to helping drive their continued growth as a leading supplier in the military and commercial aerospace industry,” said Stuart Armstrong, CEO of Great Rock Capital.

Jeff Frisby, president and CEO of PCX, added, “We are excited about our partnership with Great Rock and what it entails for the future and growth of our business, especially as we remain focused on maintaining superior delivery and quality levels for our customers and outperforming our competition.”