BZ Private Credit provides €52.5m inventory facility to Latecoere
BZ Private Credit is pleased to announce the completion of a €52.5m inventory facility for Latecoere, a leading French aerospace supplier serving major global OEMs across aerostructures, interconnection systems, and specialist aerospace services.
The facility refinances Latecoere’s existing European asset-based financing arrangement and provides additional liquidity to support the Group’s working capital requirements as it continues to serve increasing customer demand across the aerospace sector.
Gary Cleaver, CFO of Latecoere, said: “Latecoere is fully mobilized to support the production ramp-ups of the world’s leading aerospace manufacturers. This facility enhances our ability to secure the inventory and working capital needed to meet increasing customer demand, while maintaining the operational agility required in today’s fast-growing aerospace market. BZ demonstrated a strong understanding of our business and delivered a financing solution aligned with our strategic and operational ambitions.”
Peter Jaffe, CEO of BZ, said: “We are delighted to support Latecoere with this financing. The transaction highlights BZ’s ability to structure tailored financing solutions for complex, international businesses and provide capital that supports operational resilience and long-term growth.”
BZ was advised by Mayer Brown and Hilco Valuation Services