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ISSC Secures $100M Credit Agreement with JPMorgan Chase
ByAinvest
Wednesday, Jul 23, 2025 4:03 am ET1min read
Innovative Solutions and Support (ISSC) has secured a new $100 million credit agreement with JPMorgan Chase Bank, replacing its previous $35 million line of credit. The new agreement includes a $30 million revolving credit facility, a $25 million term loan, and a $45 million delayed draw term loan, with an option for additional loan commitments. ISSC plans to use the expanded liquidity and flexibility to support its long-term growth strategy and capital allocation priorities. The company specializes in engineering, manufacturing, and supplying advanced avionic solutions for commercial, business, and military aviation markets.
Innovative Solutions & Support (ISSC), a leading provider of advanced avionic solutions, has secured a new $100 million credit agreement with JPMorgan Chase Bank, replacing its previous $35 million line of credit. The five-year agreement, announced on July 22, 2025, includes a $30 million revolving credit facility, a $25 million term loan, and a $45 million delayed draw term loan, with an option for additional loan commitments [2].The new credit facility provides ISSC with expanded liquidity and flexibility, enabling the company to support its long-term growth strategy and capital allocation priorities. ISSC specializes in engineering, manufacturing, and supplying advanced avionic solutions for commercial, business, and military aviation markets. The company's extensive global product reach and customer base span various sectors, catering to airframe manufacturers and aftermarket services for fixed-wing and rotorcraft applications [3].
Jeffrey DiGiovanni, Chief Financial Officer of ISSC, expressed his satisfaction with the strong support from the bank group, highlighting their confidence in the company's management team and strategy. The new facility is expected to better enable ISSC to execute on its long-term growth strategy and capital allocation priorities, consistent with its focus on driving long-term value creation for shareholders [2].
The credit agreement reflects JPMorgan Chase's growing interest in supporting innovative and forward-thinking companies in the aerospace industry. This move also underscores the bank's commitment to staying at the forefront of financial innovation while balancing the need for prudence and risk management.
References:
[1] https://www.ainvest.com/news/bitcoin-news-today-jpmorgan-chase-eyes-crypto-backed-loans-bitcoin-ethereum-2507/
[2] https://finance.yahoo.com/news/announces-100-million-credit-facility-200100835.html
[3] https://www.stocktitan.net/news/ISSC/
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