#USA #Dania Beach #Next Level Aviation #PNC Bank #used serviceable materials

Next Level Aviation Secures $50 Million Credit Facility

Next Level Aviation® (NLA), recognized as a leading name in the distribution of used serviceable materials (USM) for Boeing and Airbus commercial aircraft, has announced a significant financial milestone. The company has successfully secured a $50 million revolving credit facility with PNC Bank. This development is pivotal as it provides NLA with enhanced working capital which is expected to empower the company’s growth trajectory and service diversification.

Strategic Move for Future Growth

The newly obtained credit facility comes at a crucial time. NLA is positioned to use these funds not only to bolster its existing inventory of serviceable material but also to explore new business avenues that complement its core operations. As stated by Jack Gordon, Chairman and CEO of NLA, this facility marks an important phase for the company, laying a strong financial foundation for the future. Gordon expressed gratitude towards PNC Bank for facilitating this arrangement efficiently, highlighting the institution’s commitment to supporting business growth.

Ray Fernandez-Andes, the Chief Financial Officer of NLA, echoing Gordon’s sentiment, emphasized the excitement surrounding the collaboration with PNC Bank. He conveyed optimism about expanding the business further with the backing of such a reputable financial partner.

Partnership with PNC Bank

PNC Bank is one of the largest diversified financial services institutions in the United States, known for its robust customer-centric approach. Peter Mardaga, the Head of PNC Business Credit, remarked on the new relationship with NLA, deeming it a significant step toward achieving the company’s growth targets. Mardaga expressed anticipation in supporting NLA with financial products and strategies that will deliver value to its customers.

About Next Level Aviation

Established in 2013, Next Level Aviation has rapidly emerged as a top supplier of used serviceable materials tailored for commercial aviation. The company specializes in materials for the Boeing 737 and Airbus A320 aircraft families, which together account for approximately 70% of the global commercial fleet. NLA is recognized for its compliance with ASA-100 accreditation and FAA Advisory Circular guidelines, ensuring high standards in service delivery.

Looking Ahead

With the acquisition of this credit facility, NLA is set to enhance its operational capabilities significantly. The focus will be on expanding the inventory and broadening service lines, which are crucial for meeting the evolving needs of the aerospace sector. As the company strategizes for the future, stakeholders will be watching closely to see how these developments will position NLA amidst a competitive landscape.

For further details, or to inquire about their service offerings, feel free to visit their website at http://www.nextlevelaviation.net.

In conclusion, NLA's partnership with PNC Bank and the securing of this credit facility is a promising development, signaling robust growth opportunities ahead. With an eye on expanding their footprint in the aerospace market, Next Level Aviation is poised to navigate the future with enhanced financial strength.