GA Telesis, a global company in integrated aviation and aerospace services, closed a $650 million credit facility supported by a syndicate of leading global financial institutions.
The facility is comprised of a term loan A component, with the majority of the facility being in an undrawn revolving credit facility, both maturing in 2031. This capital raise was oversubscribed, and these facilities refinanced and replaced the company’s previous ABL facility.
The new facility expands the company’s overall liquidity profile to more than $1.6 billion, including approximately $950 million in previously established secured and unsecured financing facilities that currently support the company’s global operations and growth initiatives, including M&A activities.
The financing represents a milestone in the continued expansion of the GA Telesis ecosystem, strengthening the company’s ability to execute on strategic investments across its aircraft and engine leasing, maintenance, replacement parts distribution and digital transformation businesses.
“This financing reflects the confidence the global banking community has in the GA Telesis business model, our leadership team and the strength of our diversified aviation ecosystem,” Abdol Moabery, founder and CEO of GA Telesis, said. “As commercial aviation continues to experience unprecedented demand for aftermarket support, asset management solutions and capital deployment, this expanded liquidity platform provides us with substantial flexibility to continue scaling our business globally.”
The proceeds from the new facilities are expected to support strategic acquisitions, aircraft and engine asset investments, inventory growth, MRO expansion initiatives, working capital requirements and continued investments in digital innovation initiatives, including the company’s blockchain-enabled asset traceability platform, WILBUR.
“The aviation aftermarket remains one of the most dynamic sectors within global aerospace,” Alvin Khoo, chief financial officer of GA Telesis, said. “Our ability to deploy capital efficiently, execute complex transactions across a diversified set of aftermarket businesses and provide integrated solutions to airlines, OEMs, lessors and governments around the world has delivered strong margins and a low leverage profile and continues to differentiate GA Telesis in the global financial markets.”
