Marathon offers credit line to aviation company

Marathon Asset Management closed on a $155 million senior credit facility to Avenger Flight Group, a provider of enterprise flight training solutions.

Marathon officials said they anchored the loan alongside three other investment management firms with the proceeds going to repay existing debt and equip Avenger with growth capital as the aviation industry rebounds from the pandemic.

Terms of the deal were not disclosed.

“AFG is an attractive business with a passionate and committed management team,” said Michael Alexander, a managing director at Marathon, which has $22 billion in AUM. “We believe that . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available. Research articles require an Annual sub.

Get started

Related Articles

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!