Avenger Flight receives $10M eCapital credit facility during restructuring
What's the deal? Avenger Flight has received a $10 million asset-based lending revolving credit facility from eCapitalDealroom has a profile for this one. Try Dealroom → to support ongoing operations during an operational and financial restructuring.
How it's structured. The facility provides working capital through an enhanced advance rate on accounts receivable and a foreign receivables component without requiring credit insurance. It also allows an existing split cash flow term loan to remain in place.
Why it matters. The financing is intended to support Avenger Flight's day-to-day operations, including fleet maintenance and other costs associated with flight simulator training, while management executes asset sales, cost reductions and broader operational changes.
Read more: The Secured Lender
Image credit: Dmitry Terekhov
