Spark-Binder Capital closed a $13 million unitranche credit facility to a vertically integrated aerospace company. The company has manufacturing, distribution as well as repair capabilities. It operates primarily in the military sector of aerospace with numerous 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," stated Milton Iskra, Managing Partner.