Discovery Air Extends CIBC Facility, Adds Clairvest Facilities

Discovery Air has extended its operating credit facility with the Canadian Imperial Bank of Commerce for a term ending January 31, 2018. The company’s subsidiaries Air Tindi and Discovery Air Defence Services closed facilities with the Clairvest Group.

Clairvest Provides $25MM Revolver for Discovery Air

Discovery Air entered into a credit agreement with certain funds or co-investors of Clairvest Group, a majority shareholder of the company.

Clairvest Provides $12MM Revolver for Discovery Air

Discovery Air entered into a credit agreement with Clairvest Group providing for a $12 million revolving credit facility.