CIT Group’s Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.
Founded in 2010, AerFin provides aircraft end-of-life services and cost-saving aftermarket support solutions to the aviation industry. The credit facility was arranged in part to support the recent acquisition of AerFin by Catacap, a private equity buy-out fund.
“We appreciated the agility of CIT in working out an arrangement that met the financing needs of AerFin at this important time in its evolution,” said AerFin Founder and CEO Bob James.
