Case Summary: Eclipse Aerospace
$10 million term loan
Based in Albuquerque, NM, Eclipse Aerospace manufacturers, sells and services the Eclipse 500 and Eclipse 550 – two leading models of very light jet aircraft (VLJ).
Wanting to capitalize on the increased demand for VLJ aircraft, the Company wanted a larger debt facility that would provide both enhanced flexibility and incremental liquidity in order to invest in manufacturing more jets.
Crystal provided a $10 million term loan as part of a new $36.75MM transaction. Proceeds will be used for working capital and growth.