Searching for Senior Lender for Aerospace Business Under LOI

searcher profile

January 17, 2024

by a searcher from The University of Chicago - Booth School of Business in Oklahoma City, OK, USA

We recently signed an LOI on an aerospace business in the southwest and are looking for a senior lender to support the deal.

The purchase price is $14.3 million, EBITDA in 2023 was about $3.0 million. The seller has agreed to a $2.7 million seller note payable over 5 years. We are looking for a senior lender who can provide a +$6.5 million, no-recourse, commercial loan to fund the acquisition.

If you know someone, I would appreciate a message or comment here.

Posting anonymously in an abundance of caution.

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commentor profile
Reply by a professional
from The Johns Hopkins University in Basking Ridge, NJ 07920, USA
My firm has represented (legal) companies in this space in connection with similar deal size. I can ask around.
commentor profile
Reply by a searcher
from Northeastern Illinois University in Chicago, IL, USA
We might be able to provide equity for this deal. You can send info to me at redacted
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