When a private equity-owned aerospace and defense manufacturer sought a financial lender to fuel its aggressive growth trajectory, it chose Republic Business Credit as its trusted partner. Republic provided a $3.5 million asset-based loan facility that empowered the company to capitalize on significant demand and accelerate its contributions to global security and defense initiatives.
The revolver portion of the facility provided availability across the company’s inventory and accounts receivable. Republic provided a $500,000 equipment term loan as part of closing to help consolidate the company’s senior debt facility with Republic.
“Balancing the needs of our private equity sponsors with the unique financing needs of their portfolio companies is vital to Republic’s approach,” William Kemp, senior vice president, business development officer at Republic, said. “We structured this facility to maximize flexibility and borrowing availability, supporting the manufacturer’s impressive mission-critical work.”
“We are deeply committed to supporting businesses that are foundational to our nation’s economic strength and security,” Matthew Begley, chief operating officer and board member at Republic, said. “We are proud to empower a pacesetter in global aerospace and defense, allowing its leaders to focus on innovation and fulfillment of its high-priority backlog.”
