Veritas Financial Partners closed a $10 million revolving credit facility for Ameriflight.

The company utilized the proceeds to refinance its existing senior debt and to provide additional working capital for the business.

Headquartered in Dallas, Ameriflight is an international operator and the nation’s largest Part 135 cargo airline. The company was founded in 1968 and has more than 500 employees and more than 150 aircraft. Ameriflight intends to continue to grow its share in this highly fragmented market, capitalizing on its extensive footprint and infrastructure.

Evan Nadler, SVP of Veritas Financial Partners, said, “It is gratifying to successfully complete a financial recapitalization for a company with as much upside opportunity as Ameriflight. I wish the Ameriflight team all the best in continuing to execute on its strategic plan.”

In closing this transaction, Veritas partnered with UAS Transervices, a division of GardaWorld, a privately owned security company. UAS and Veritas combined to form a comprehensive financing solution to Ameriflight’s working capital and ongoing aircraft lease financing needs.