March 31, 2015 — Refinancing
White Wolf Capital has refinanced existing debt at Aero Precision, LLC, thereby improving the capital structure and reducing overall interest costs.
As part of the refinancing transaction, White Wolf also obtained additional working capital facilities to support organic growth and help fund further acquisitions.
The refinancing was funded with $9.2 million in senior debt provided by Opus Bank.
Opus Bank is an FDIC insured California-chartered commercial bank with $5.6 billion of total assets, $4.3 billion of total loans, and $4.3 billion in total deposits as of March 31, 2015. The institution provides relationship-based banking products through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank divisions. Opus Bank operates 58 banking offices across California, Arizona, and Washington.
White Wolf is a private investment firm established in late 2011 focused on direct and indirect investments in leading North American middle market companies. The firm targets companies with $20 million to $200 million in revenues and up to $20 million in EBITDA across industries including manufacturing, business services, government services, information technology, security, aerospace, and defense. White Wolf maintains office locations in Miami, Chicago, Montreal, and New York City.