The enlarged facilities with PNC Bank give the aviation-parts supplier more working capital for inventory, geographic expansion and adjacent business lines.
Next Level Aviation (NLA) has expanded its revolving credit arrangements with PNC Bank to a combined $80 million, increasing the US parent’s facility from $50 million to $75 million and adding a $5 million facility for Irish subsidiary Next Level Aviation-Ireland, Ltd (NLAI). The company said both facilities may expand over time as the businesses grow. The financing strengthens the working-capital base of a supplier serving the commercial aviation aftermarket.
The company distributes used serviceable material, commonly known as USM, for Boeing and Airbus commercial aircraft and their jet-engine platforms. Its inventory focus includes the Boeing 737 and Airbus A320 families, as well as associated engines. Next Level Aviation describes itself as an ASA-100 accredited supplier that complies with FAA Advisory Circular 00-56B, credentials relevant to the handling and distribution of aircraft material.
The enlarged credit capacity is intended to support additional inventory, continued geographic expansion and diversification into complementary lines of business, according to Next Level Aviation. The Irish facility also gives NLAI its first revolving credit line, extending the group’s banking structure beyond its US parent. Both arrangements are asset-based, linking borrowing capacity to the company’s operating resources rather than representing an equity investment.
Chief executive Jack Gordon said PNC’s expanded commitment increased Next Level Aviation’s total access to asset-based credit by 60% in less than a year of collaboration. Chief financial officer Ray Fernandez-Andes said the company’s international operating model creates distinct banking requirements and that the facilities were structured to support its position in the commercial aviation aftermarket. Their comments frame the transaction as an operational financing step rather than a change in ownership or corporate control.
For Next Level Aviation, the additional liquidity provides room to carry more USM while serving customers across multiple markets and aircraft platforms. That combination of inventory availability and financing flexibility is particularly relevant to an aftermarket supplier whose proposition depends on holding serviceable parts when operators and maintenance providers need them. The expanded facilities leave the company positioned to pursue growth while retaining the same core focus on commercial aircraft and engine material.
