GA Telesis, a global aviation integration company, upsized its ABL credit facility by $50 million to $275 million led by HSBC Bank and Fifth Third Bank as joint lead arrangers. The upsize allowed the company to expand its existing bank group. Concurrently with the upsize, certain amendments were made to the facility to expand availability and create more opportunities to grow in the current environment.
“GA Telesis’ record growth and performance are supported by our flexible capital structure, and this ABL credit facility is a cornerstone to that. We are very pleased with the outcome of this process,” Alvin Khoo, chief financial officer of GA Telesis, said. “Support from our existing lenders, as well as new banks that wanted to initiate a banking relationship with GA Telesis, reflects our strong performance in successfully navigating a global pandemic and Ukraine conflict with little financial impact.”
In addition, the company recently renewed a $100 million unsecured credit facility. Combined with its non-recourse facilities and managed capital pools, the company maintains significant liquidity and financial flexibility to execute its growth plans.
