Next Level Aviation® Secures $50MM Credit Facility with PNC Bank
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: PR Newswire
The new working capital credit facility will be used to grow its existing USM distribution business and diversify product and service offeringsDANIA BEACH, Fla., Dec. 10, 2024 /PRNewswire/ -- Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has secured a new $50MM revolving credit facility with PNC Bank with the potential to expand this facility over time as NLA grows. This significantly increased working capital credit facility will allow Next Level Aviation® to expand its inventory of serviceable material, as well as support the diversification of NLA's business into other complementary lines of business.Next Level Aviation® Chairman & CEO Jack Gordon stated, "We are extremely pleased to work with PNC Bank, one of the largest diversified financial services institutions in the United States, to close this new working capital credit facility, which is t
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PNC
Earnings
- 10/15/24 - Beat
PNC
Sec Filings
- 12/20/24 - Form 144
- 12/17/24 - Form 4
- 12/13/24 - Form S-3ASR
- PNC's page on the SEC website