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 . . .
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