GovCon Funding Corporation Completes $5.5MM Aircraft Financing For Department of Defense Contractor
Updated: May 2, 2021
MIAMI, FL., (April 26, 2021) – GovCon Funding Corporation, a Miami based strategic advisory and financial services company, dedicated to financing middle-market companies operating in the Aerospace and Defense industry, announced today that it has completed financing on a $5.5MM credit facility for a government contractor operating in the Intelligence, Reconnaissance and Surveillance, (ISR) sector. The credit facility provides the government contractor with the ability to refinance aged aircraft within its existing fleet, while maintaining a strong cash position.
“We are happy to provide this critical financing to our client as they continue their mission critical work with the Department of Defense. Completing the funding for this transaction shows our continued commitment to deploy over $150MM of capital into the Aerospace and Defense sector, during FY 2021, for mission critical aircraft and equipment that protect our Homeland.”
- Thomas Panuzio, Chief Executive Officer, GovCon Funding Corporation
STRATEGIC ADVICE | FEDERAL EXPERIENCE | FINANCIAL RESULTS