Core Insights - Bridger Aerospace Group Holdings, Inc. announced a new senior secured facility of up to $331.5 million led by Bain Capital's Private Credit Group, marking a significant financial milestone for the company [1][3] - The financing will refinance Bridger's existing $160 million municipal bond, consolidate current debt, and provide financial flexibility for future fleet expansion [2][3] Financial Details - The $331.5 million facility includes a $21.5 million Revolving Credit Facility, a $210 million Senior Secured Term Loan, and a $100 million Fleet Expansion Facility [3] - The refinancing and new facility are expected to enhance the company's ability to grow organically and support contract expansion, driving EBITDA growth and long-term shareholder value [3][4] Strategic Partnerships - Bridger Aerospace expressed gratitude towards strategic partners such as Bain Capital, Crestline, Power Sustainable, and Foundation Credit for their support in this financing [4] - The investment from Bain Capital reflects confidence in Bridger's long-term vision and its ability to deliver mission-critical services to government agencies [4] Business Operations - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [5] - The company aims to innovate and deploy advanced technology in the aerial firefighting industry while focusing on protecting lives, property, and the environment [4]
Bridger Aerospace Secures $331 Million in New Financing Commitments to Fuel Growth and Fleet Expansion