GA Telesis continues to lead the refinancing of its five-year $ 225 million syndicated ABL credit facility with oversubscription and tighter pricing


FORT LAUDERDALE, Fla .– (COMMERCIAL THREAD) – Leading global aviation integration company GA Telesis, LLC (or the “Company”) announced the closing of a new five-year $ 225 million ABL credit facility led by HSBC Bank USA and Fifth Third Bank as Joint Principal Arrangers. Syndication generated great interest and enabled the Company to improve conditions while expanding its existing banking group.

The facility comprises nine global, super-regional and regional banks with HSBC Bank USA as administrative agent. The facility refinanced an existing $ 225 million ABL facility led by HSBC, which was due to expire in 2022. The new facility has improved availability, pricing and other terms in line with or better than the current facility with backing from a larger and more diverse banking group. The proceeds of the facility will be used for general corporate purposes, acquisitions and to finance future growth. In addition, the five-year term and competitive borrowing costs will provide financial stability while allowing the Company to make longer-term acquisition decisions.

“Given the difficult environment, we are pleased with the outcome of this syndication process,” said Alvin Khoo, Chief Financial Officer. “The strong interest from our existing lenders as well as the number of new banks wishing to enter into a banking relationship with GA Telesis is a testament to the strength of our management team and our strong performance during the pandemic,” added Khoo.

The Company has also renewed a $ 100 million unsecured credit facility and, combined with its non-recourse facilities and managed pooled funds, the Company maintains unprecedented liquidity and significant financial flexibility to execute its plans. growth.

“Once again, HSBC and Fifth Third have shown essential leadership in defending our strong financial performance and high credit quality,” commented Abdol Moabery, President and CEO of GA Telesis. “Ultimately, the strong operational and financial performance of the company, especially over the past two years, has led us to significant oversubscription and better terms which position us extremely well for the future,” said Moabery.

About GA Telesis

GA Telesis is the leading provider of integrated services to the commercial aviation industry. Through the GA Telesis â„¢ ecosystem, the company is uniquely positioned on six continents to leverage its resources to create innovative solutions for its customers. Comprised of global operations encompassing Leasing / Financing, Component Solutions and MRO Service Business Units for Landing Gear, Component / Composite and Turbine Engine Repair, as well as Digital Solutions, GA Telesis Ecosystem â„¢ provides an unrivaled resource for airlines. The company’s core business is its mission to ensure “customer success”, founded on a reputation for unparalleled excellence and integrity.


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