Next Level Aviation Secures $50MM Credit Facility with PNC Bank

Next Level Aviation (NLA), a company in the global distribution of used serviceable materials for all Boeing and Airbus commercial aircraft and associated jet engine platforms, secured a new $50 million revolving credit facility with PNC Bank, with the potential to expand this facility over time. NLA will use this increased working capital credit facility to expand its inventory of serviceable material and to support the diversification of its business into other complementary lines of business._x000D_
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“We are extremely pleased to work with PNC Bank, one of the largest diversified financial services institutions in the United States, to close this new working capital credit facility, which is the first step in laying the financial foundation for Next Level Aviation’s next phase of growth,” Jack Gordon, chairman and CEO of NLA, said. “We would like to thank the PNC Business Credit team for their professionalism and diligence in getting this new revolving credit facility closed in an efficient manner.”_x000D_
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“We are very excited about our new business relationship with PNC Bank and are looking forward to continue growing the business for many years to come with the support of this great financial institution,” Ray Fernandez-Andes, chief financial officer of NLA, said._x000D_
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“PNC’s new relationship with Next Level Aviation will support the company’s business goals and growth needs,” Peter Mardaga, head of PNC Business Credit, said. “We look forward to continuing to provide this recognized global supplier of aerospace parts with financial products and strategies that can help deliver differentiated value to its customers.”