Sierra Income Corporation and its affiliate Medley Management provided a senior secured first lien term loan to facilitate ZS Fund’s acquisition of AmeriJet Holdings.
AmeriJet, headquartered in Ft. Lauderdale, Florida, is a provider of air cargo and logistics services to and from the US and the Caribbean, Mexico and Latin America.
AmeriJet operates both scheduled and charter services, focusing on shipping time-sensitive, perishable, oversized, hazardous and complex product configurations utilising its network of 25 domestic offices and over 130 offices worldwide.
“We are excited to partner with ZS Fund to help finance their acquisition of AmeriJet,” says Jeff Tonkel, president of Sierra Income Corporation. “This is a great example of our national direct origination network finding attractive lending opportunities in growing middle market companies.”
“Medley was a great partner throughout the transaction, providing us with certainty of closing and a flexible capital structure that will allow the Company to capitalise on its excellent growth prospects,” says Adam Lehrhoff, partner of ZS Fund.
