Blazehill supports EirTrade Aviation with additional funding
30 Dec 2024
LONDON, December 2024 – Blazehill is pleased to announce the successful closing of a new 2nd lien term loan to support EirTrade Aviation, an aviation services business owned by US Sponsor Acorn Capital Management, with additional funding to accelerate growth initiatives.
Adam Sookia, Managing Director, Blazehill Capital, said: “This transaction is another great example of Blazehill Capital’s ability to work collaboratively with Senior ABL providers to deliver flexible financing structures, maximising the company’s access to liquidity. We look forward to supporting EirTrade and its investors with its ambitious growth plans.”
Redmond Walsh, Chief Financial Officer, EirTrade Aviation, said: “We’re pleased to have worked with Blazehill Capital and Wells Fargo on this successful refinancing. The new combined facility will allow us to continue to invest into a growing portfolio of aviation assets and underpins our strategic growth objectives for years to come.”
Greg Agnew, Partner, Acorn Capital Management, said: ” We look forward to the new partnership with Blazehill Capital and Wells Fargo and found working with both teams to be seamless and straightforward. This major milestone for EirTrade will provide significant flexibility to accelerate our ongoing growth plans.”
