Daily News: March 2, 2015

HSBC Leads New GA Telesis Credit Facility

GA Telesis announced that it has closed on a new syndicated $150 million credit facility. Led by HSBC Bank USA, and with an increased commitment from four global and regional banks involved in the company’s previous facility, the new credit facility has a three-year maturity with more efficient and flexible terms to support the company’s growth plans.

Abdol Moabery, president and CEO of GA Telesis said, “HSBC and the syndicate banks provide international depth and expertise to support our continuing worldwide expansion. We are excited about this opportunity to better execute on our global business plan.

“This new credit facility will allow GA Telesis to continue its organic growth, acquire additional aircraft and engine assets, purchase aerospace related businesses and provide related financing solutions to airlines, aircraft and engine manufacturers, MROs and leasing companies,” Moabery added.

GA Telesis provides worldwide support services to the commercial and defense aerospace industries.