The company is a market leader in the following areas: business aviation and aircraft services; land and amphibious combat systems; mission-critical information systems and technologies; and marine systems.
This company needed a way to finance its continued growth and investment in a new manufacturing facility in order to become a leader in the satellite-launching and testing market.
VFI offered to finance the new test facility equipment, open a credit line for the six months of the installation period, include all the unique collateral and meet the specific accounting requirements for off-balance sheet financing.
The lessee completed a $12,000,000 transaction with VFI that delivered its off-balance sheet requirements, provided a credit line to be drawn down upon during the construction phase and gave the company a low cost of capital.
The $12,000,000 in lease financing was used to fuel the company’s growth and ultimately led to the company being acquired.