AJ Walter Aviation closed a $70 million senior secured credit facility with Wells Fargo Capital Finance (UK) as lead bank and Shawbrook Bank as participant.
Proceeds of the five-year facility will be used to support spare parts acquisitions to meet existing customer demand and fuel AJW’s steady growth.
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Working with Shawbrook on this credit facility, Wells Fargo acted as arranger and agent. AJW was advised by EY Corporate Finance and by Vedder Price.
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“We are delighted to continue to offer rotable spare parts, as an asset class, to the bank markets, despite perceived challenges in financing such collateral,” says Ian Malin, AJW Group CFO. “We have successfully structured this transaction across three jurisdictions to ensure that AJW’s inventory locations meet our global customer demand and that the right part is in the right place at the right time.”
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“We are pleased that with our refinancing package, A J Walter Aviation can further strengthen their operations and grow their business,” said Steven Chait, EMEA regional head Wells Fargo Capital Finance.
“Over the years, Wells Fargo has financed a myriad of aviation companies, and through these working experiences and relationships, we are well positioned to structure our facilities in accordance to the unique needs of our customers and the evolving industry. We are delighted to have executed a truly bespoke facility by working collaboratively with the EY and AJW teams.”
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AJW Group is an independent component parts, repair and supply chain solutions provider, transforming efficiency in commercial, business and defense aviation.
