Spark-Binder Capital closed a $13 million unitranche credit facility to a vertically integrated aerospace company. The company has manufacturing, distribution and repair capabilities. It operates primarily in the military sector of aerospace across multiple platforms. The funds were used to complete an add-on acquisition.
“Utilizing decades of experience in the capital markets, along with underwriting capabilities, the appropriate capital provider was identified, and the transaction closed in an efficient manner. Utilizing a targeted approach for raising capital saved time, effort, and expense,” Milton Iskra, managing partner at Spark-Binder Capital, said.
Spark-Binder Capital is located in Dallas. For securities-related investment banking services, including M&A and institutional capital raising, principles of Spark-Binder are registered representatives, and securities are offered through Stonehaven.
