Finacity Corporation (Finacity), a White Oak company, and Synovus Bank (Synovus) today announced that they have successfully arranged and closed a US$30m receivables-based loan programme for Novaria Holdings LLC (Novaria), a leading manufacturer of specialty aerospace hardware.
Finacity acted as the administrator providing structuring and execution support and is responsible for the ongoing programme administration and reporting. Synovus acted as the lender and facility agent.
About Novaria
Novaria Group is a privately held business focused on precision component companies that deliver optimum performance and sustainable growth within the aerospace and defense marketplace.
About Synovus
