Next Level Aviation (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has secured a new $50MM revolving credit facility with PNC Bank with the potential to expand this facility over time as NLA grows. This significantly increased working capital credit facility will allow Next Level Aviation® to expand its inventory of serviceable material, as well as support the diversification of NLA's business into other complementary lines of business.

Next Level Aviation Chairman & CEO Jack Gordon stated, "We are extremely pleased to work with PNC Bank, one of the largest diversified financial services institutions in the United States, to close this new working capital credit facility, which is the first step in laying the financial foundation for Next Level Aviation's next phase of growth. We would like to thank the PNC Business Credit team for their professionalism and diligence in getting this new revolving credit facility closed in an efficient manner."

Ray Fernandez-Andes, Next Level's Chief Financial Officer, commented, "We are very excited about our new business relationship with PNC Bank and are looking forward to continue growing the business for many years to come with the support of this great financial institution."

Peter Mardaga, Head of PNC Business Credit, commented, "PNC's new relationship with Next Level Aviation will support the company's business goals and growth needs. We look forward to continuing to provide this recognized global supplier of aerospace parts with financial products and strategies that can help deliver differentiated value to its customers."