Press Releases
GA Telesis Continues Growth Trajectory with Upsized $275 Million Syndicated ABL Credit Facility
Author: gatelesis
June 11, 2024 – Fort Lauderdale, Florida – GA Telesis, LLC (“the Company”), a leading global aviation integration company, announced a $50 million upsizing of its ABL credit facility to $275 million led by HSBC Bank USA and Fifth Third Bank as Joint Lead Arrangers. The upsize was met with overwhelming interest, allowing the Company to expand its existing bank group. Concurrently with the upsize, certain amendments were made to the facility to expand availability and create more opportunities to grow in the current environment.
“GA Telesis’ record growth and performance are supported by our flexible capital structure, and this ABL credit facility is a cornerstone to that. We are very pleased with the outcome of this process,” said Alvin Khoo, Chief Financial Officer of GA Telesis. “Support from our existing lenders as well as new banks that wanted to initiate a banking relationship with GA Telesis reflects our strong performance in successfully navigating a global pandemic and Ukraine conflict with little financial impact,” added Khoo.
In addition, the Company recently renewed a $100 million unsecured credit facility. Combined with its non-recourse facilities and managed capital pools, the Company maintains significant liquidity and financial flexibility to execute its growth plans.
About GA Telesis
GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem™ is a vast global network spanning 54 locations in 30 countries on six continents. The company’s integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services.
GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company’s aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability.
For further information, please contact Rylan France at Rfrance@gatelesis.com