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Sierra Income Corporation Supports ZS Fund’s Acquisition of AmeriJet

September 02, 2016, 07:14 AM
Filed Under: Aerospace

Sierra Income Corporation, a business development company that makes senior secured investments in U.S. middle market companies, and its affiliate Medley Management Inc., announced it provided a senior secured first lien term loan to facilitate ZS Fund L.P.’s acquisition of AmeriJet Holdings, Inc.

AmeriJet, headquartered in Ft. Lauderdale, Florida, is a leading provider of air cargo and logistics services to and from the U.S. and the Caribbean, Mexico and Latin America. AmeriJet operates both scheduled and charter services, focusing on shipping time-sensitive, perishable, oversized, hazardous and complex product configurations utilizing its network of 25 domestic offices and over 130 offices worldwide.

“We are excited to partner with ZS Fund L.P. to help finance their acquisition of AmeriJet,” said Jeff Tonkel, President of Sierra Income Corporation. “This is a great example of our national direct origination network finding attractive lending opportunities in growing middle market companies.”

“Medley was a great partner throughout the transaction, providing us with certainty of closing and a flexible capital structure that will allow the Company to capitalize on its excellent growth prospects,” said Adam Lehrhoff, Partner of ZS Fund L.P.

Sierra is a non-traded business development company that invests primarily in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in a broad range of industries with annual revenue between $50 million and $1 billion.





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