Avenger Flight Group secures $155 million credit facility from Marathon

Marathon Asset Management has closed a $155 million senior credit facility to Avenger Flight Group (AFG), an independent provider of enterprise flight training solutions to aviation clients. Marathon anchored the loan alongside three other investment management firms. Proceeds from the financing repaid existing indebtedness and equipped the company with growth capital as the aviation industry rebounds from the pandemic. Terms of the deal were not disclosed. Founded in 2012 and headquartered in Fort Lauderdale, AFG serves the global aviation market by offering Full Flight Simulator (FFS) pilot training at its 12 flight training centres in the United States, Latin America