CIT Group, a global leader in transportation finance, announced that it provided a senior secured unitranche credit facility to AGC Composites & Aerostructures, a division of Oklahoma-based AGC Aerospace & Defense, for the acquisition of Paul Fabrications Ltd., in the U.K. AGC Composites & Aerostructures, a leading manufacturer of aircraft components, is a portfolio company of Acorn Growth Companies and The Edgewater Funds. CIT Aerospace & Defense Finance served as Sole Lead Arranger and Administrative Agent for the transaction. The deal was structured and facilitated by CIT Capital Securities, and the financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada