GA Telesis completes $100 million three-year credit facility via PNC

New York, Oct. 17 - GA Telesis, LLC said it closed on a new $100 million credit facility led by PNC Bank, NA.

The loan has a three-year term.

GA Telesis said the facility is larger and has more favorable terms and conditions than its previous bank financing.

Borrowings will be used to support the company's growth, including acquiring additional aircraft and engine assets, purchasing aerospace-related businesses and providing related financing to airlines, aircraft and engine manufacturers, MROs (maintenance, repair and overhaul providers) and leasing companies.

GA Telesis is a Fort Lauderdale, Fla., provider of airplanes, engines, components, maintenance and services to the commercial aerospace industry.

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