Franklin Square Capital Partners upsized its senior secured unitranche loan to support the merger of Air Energi Group with Swift Worldwide Resources, a portfolio company of the New York-based middle market private equity firm Wellspring Capital Management, to form Airswift Holdings Limited.

The financing was provided by FS Investment Corporation II, FS Investment Corporation III and FS Energy and Power Fund, which are BDCs managed by affiliates of Franklin Square and sub-advised by GSO Capital Partners or its affiliate.

“We believe the combined entity will help create a leading labor provider by expanding the geographical footprint and contractor network,” said Valerie Kritsberg, managing director at GSO.

Franklin Square is a manager of alternative investment funds.