Daily News: October 24, 2018

LBC Credit Partners Supports Employee-Owned AirBorn Recap


LBC Credit Partners provided a $60 million senior secured term loan to support the recapitalization of AirBorn.

LBC served as administrative agent and sole lender for the senior secured term loan.

AirBorn is a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP). AirBorn’s core business is engineering and manufacturing connectors for original equipment manufacturers worldwide. AirBorn currently operates several manufacturing facilities in the U.S., the UK and Canada.