Tennenbaum provides up to $82.5 mln to expand Cargojet's fleet
U.S. credit and special situations investor Tennenbaum Capital Partners has agreed to provide up to US$82.5 million of financing to Cargojet Inc (TSX: CJT), a Canadian supplier of time-sensitive overnight air cargo services. The deal is intended to fund Cargojet's acquisition and conversion of Boeing 767-300ER passenger aircraft into freighter aircraft. Tennenbaum said the transaction will help the company achieve additional capacity to support continued growth. Cargojet has its headquarters in Mississauga, Ontario.
23 July 2015•2 mins read
