DIP financing to Springer Aerospace Holdings Limited
Loan to Value (LTV)
Hillmount Capital has provided DIP financing to Springer Aerospace Holdings Limited pursuant to the Court Orders granted under Springer’s CCAA proceedings. The financing was requested to provide working capital and for general corporate purposes. The company owns and operates a private airport situated on a 209 acre property that includes two modern hangars, and an office complex totalling 72,000 square feet. In addition, the airport boasts a 2,500-foot water runway (canal) running parallel to the main runway where seaplanes can land and taxi.
Echo Bay, ON