US Lessor RESIDCO Expands Revolving Credit Facility to USD 450 Million to Support Aviation Growth

USA – RESIDCO, a Chicago-based specialty finance company focused on leasing and asset-based investments in the aviation (and rail) sectors, has announced the successful renewal and expansion of its senior secured revolving credit facility to USD 450 million, led and arranged by Fifth Third Bank. The renewed facility represents an increase from the prior credit line, strengthening RESIDCO's capital flexibility and long-term growth capacity across its aviation equipment portfolios.

RESIDCO manages a diversified portfolio of transportation assets across the aviation sector. The expanded credit facility positions the company to capitalize on investment opportunities in aviation equipment leasing, which may include training aircraft and full flight simulators.

RESIDCO operates VR Leasing (https://vr-lease.com/) which provides leasing solutions to flight training organisations covering a fleet of Cessna 172, Piper Archer TX, Piper Seminole and Diamond DA42 aircraft.

Statements

• "This expanded credit facility is a strong endorsement of our platform and portfolio performance. It positions us to continue executing on our growth strategy and capitalize on attractive investment opportunities across both the rail and aviation sectors," said Michael Yovkovich, President of RESIDCO.

Source: RESIDCO