Cassavant obtains $92.2 million secured credit facility via Comvest

By Devika Patel

Knoxville, Tenn., March 2 – Cassavant Holdings LLC secured a $92.2 million senior secured credit facility with Comvest Credit Partners, according to a press release.

Proceeds were used to fund an acquisition by Gallant Capital Partners and refinance existing debt.

Phoenix-based Cassavant is a manufacturer of critical components for engines, APUs, fuel and fluid systems, gears, hydraulics, and valves for the majority of commercial, military and business jet platforms serving the aerospace and defense industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.