BeauTech Power Systems (BeauTech) has amended and extended its revolving credit facility, raising total commitments from US$0.63 billion to US$1.40 billion and pushing maturity out to June 2031.
The aircraft engine leasing, asset management and trading specialist said the amended facility was almost twice oversubscribed, underlining strong backing from existing lenders and new banking partners.
The new agreement more than doubles BeauTech’s revolving credit capacity. It also delivers better pricing, greater operating flexibility and a broader asset base for financing. The facility now covers wide-body assets, in addition to the company’s established regional and narrow-body platforms.
U.S. Bank acted as Administrative Agent, Joint Lead Arranger and Joint Bookrunner. Bank of America, Truist Bank and PNC Bank served as Co-Syndication Agents, Joint Lead Arrangers and Joint Bookrunners.
Crédit Agricole Corporate and Investment Bank, MUFG Bank, Huntington Bank and BMO Bank also acted as Joint Lead Arrangers and Joint Bookrunners, while Fifth Third Bank served as Documentation Agent.
“This transaction marks an important milestone in BeauTech’s growth and reflects the strength of the platform we have built over 15 years,” said Lee Beaumont, founder and Chief Executive Officer of BeauTech. “The strong support from our banking partners demonstrates confidence in our business and long-term strategy. This expanded facility provides the scale and resources to pursue opportunities across a broader range of assets, including the wide-body market, and positions us to double the size of our portfolio over the next five years, while continuing to deliver innovative engine solutions for our customers worldwide.”
