IAM announces the closing on November 19, 2018 of a $18,900,000 senior term loan to Flying Colours Corp.
The capital raised by Flying Colours Corp. will provide growth capital to construct a new hangar and paint facility.
Jeffrey Deacon, Managing Director of IAM Private Debt said “We are very pleased to support Flying Colours continued growth and expansion. The rigorous business model of aircraft completions developed over time by management provides strong support for the loan. We’re happy to have the company in our portfolio, and provide patient capital for growth going forward.”
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