BDC and Scotiabank Provided Debt Financing to Flying Colours Corp

Industry

Industrials

Company Profile

With facilities in Canada, the USA, and Singapore, global aviation services company Flying Colours Corp. (“FCC”) provides Green Completion, Interior Refurbishment & Modification, Heavy Maintenance, Exterior Paint, Special Mission Modification, and Avionics Installation services. Flying Colours specializes in all mid to large sized business aircraft including the Bombardier Global and Challenger families, Dassault Falcon, Beechcraft/Hawker and Gulfstream models as well as special mission aircraft for Conair and SAAB. Flying Colours is an Authorized Service Facility for Bombardier and a Bombardier Preferred Completion Centre. It is also a GE Aviation Approved Service Centre.

NewPoint’s Role

NewPoint advised Flying Colours on raising debt capital to fund working capital and growth capital requirements. NewPoint worked closely with management and FCC’s other shareholders to structure the funding.

Transaction Snapshot

NewPoint presented the financing opportunity to several lenders. Business Development Bank of Canada (“BDC”) and Scotiabank ultimately provided the most appropriate capital solution to fit within FCC’s existing capital structure and its financing requirements.