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Zodiac Focused On External Growth Strategy
Zodiac Aerospace comes into NBAA 2011 buoyed by an agreement with its banks to increase the amount and maturity of its financing.

Zodiac Aerospace comes into NBAA 2011 buoyed by an agreement with its banks to increase the amount and maturity of its financing. According to the French aerospace equipment and systems provider (Booth No. N6229), the agreement “reinforces the group’s financial capabilities and gives it the possibility to actively pursue its external growth strategy.”

Renegotiation of a June 2010 “club deal” (assumption of controlling interest) agreement with its banks, effective August 29, provides for a waiver allowing a drawing authorization from $1.402 billion to $1.822 billion. It also extends the “in fine” (final payment) term from June 29, 2014 to June 29, 2015.

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