Funds Used to Refinance Existing Credit Facility
Boston –December 13, 2011 – Great Lakes Aviation (OYCBB:GLUX) recently announced that it has received a $34 million senior credit facility co-agented by Crystal Financial, LLC. Based in Cheyenne, WY, Great Lakes Aviation, Ltd., operating as Great Lakes Airlines, is a leading independent regional airline which also operates as a codeshare partner with United Airlines and Frontier Airlines. The company services 42 airports primarily in the High Plains and Rocky Mountain regions.
Steven Migliero, Managing Director of Crystal Financial, stated: “We are pleased to support the company and facilitate the refinancing of Great Lakes’ debt. We have been very impressed by the management team and their ability to thrive and grow as a regional airline.”
“We are looking forward to working with Steve Migliero, Joshua Franklin and the rest of the Crystal Financial team,” stated Doug Voss, President and Chairman of Great Lakes Aviation, Ltd. “In reflecting on the work accomplished over the last three months, it is clear that their professionalism and diligent approach to underwriting will set the stage for a longstanding positive working relationship.”
Great Lakes Aviation, Ltd. was advised by Raymond James & Associates, LLC.
About Great Lakes Aviation, Ltd.
Based in Cheyenne, WY, Great Lakes Aviation, Ltd., operating as Great Lakes Airlines, is a leading independent regional airline which also operates as a codeshare partner with United Airlines and Frontier Airlines. The company services 42 airports primarily in the high plains and rocky mountain regions through its existing fleet of 32 aircraft. For more information, please visit www.flygreatlakes.com
About Crystal Financial
Crystal Financial is a commercial finance company which originates, underwrites and manages secured loans to middle market companies in all industries. Crystal Financial’s seasoned team of debt-structuring experts have made over $20B in loans to companies across a wide array of industries. For additional information about Crystal Financial, please visit https://www.crystalfinco.com.
CRYSTAL FINANCIAL CONTACT
Steven Migliero, Jr.
GREAT LAKES AVIATION, LTD. CONTACT
Peter Duckler/Pam Flores