AURELIUS Finance Company provides senior term loan to Aeromet International Limited
AURELIUS Finance Company (“AFC”) has provided a new £5 million senior secured term loan facility to Aeromet International Limited (“AIL”), a leading supplier to the Aerospace & Defense sectors.
With over 40 years of history, Aeromet is the leading and often sole supplier of aluminum & magnesium castings to a global, blue-chip client base across UK, Europe, the Americas, and Asia with customers including Airbus, Rolls-Royce and Boeing.
AURELIUS was able to provide a bespoke financing solution that not only meets the current & ongoing working capital needs of the business but will also grow alongside the business.
AIL CFO Shashank Dhawan said “AFC’s approach to formulate a customised financing solution, aligned to our needs, was refreshing. We are a great business, forming a key part of the supply chain for both the major airframe as well as big engine manufacturers in Aerospace. This was quickly recognised by the AFC team as we worked together in devising the appropriate financing package. We are excited by this new association and look forward to working with the AFC team.”
Karun Dhir, Managing Director of AURELIUS Finance Company said: “Very pleased to support yet another strong internationally focused manufacturing company, with a flexible working capital facility. We are looking forward to working in partnership with the impressive Aeromet team.