GE Antares, a unit of GE Capital, is serving as administrative agent for a $89.5 million senior credit facility to support Greenbriar Equity Group’s acquisition of EDAC Technologies Corporation. GE Capital Markets acted as joint lead arranger and sole bookrunner.

“We view GE Antares as an excellent choice to lead our debt financing for EDAC Technologies,” said Rob Wolf, director at Greenbriar Equity. “GE Antares has a great understanding of the debt financing markets, ensuring superior execution, and through their Access GE program they can help us tap into GE’s deep knowledge and experience in the aerospace market.”

EDAC is a United States-based company with headquarters in Cheshire, Connecticut. It has six diversified divisions in southern New England.

“We’re excited to be leading another financing for Greenbriar Equity and starting a relationship with EDAC Technologies,” said Douglas Cannaliato, managing director at GE Antares. “Greenbriar Equity has extensive aviation industry expertise resulting from their exclusive focus on the global transportation industry which we are confident will provide real value to EDAC Technologies’ already strong and experienced management team.”

EDAC Technologies is a diversified manufacturer of precision machined components, and supplier of tooling, spindle manufacturing and machine repair services, primarily for gas turbine engine applications in the commercial aerospace, military and industrial markets.

Greenbriar Equity Group LLC, a private equity firm with $1.5 billion of committed capital, focuses exclusively on the global transportation industry, including companies in aerospace and defense, automotive, freight and passenger transport, logistics and distribution, and related sectors.