We are delighted to have advised Mettis Aerospace in securing a bespoke £30m super-senior ABL facility from Aurelius Finance Company.
Jeremy Cieslik, Chief Executive Officer at Mettis Aerospace said “This facility represents an important milestone in the transformation of Mettis. It provides the liquidity and flexibility required to support our wider turnaround plan, including investment in new equipment to expand capacity, improve efficiency and strengthen the service we provide to our customers. We are grateful to Altenburg for their hands-on support, structuring expertise and commitment throughout a complex process”.
James Marler, Director and Head of New Business at Aurelius Finance Company said “Altenburg played a critical role in this transaction, using their deep ABL expertise to shape a bespoke solution and drive a complex, time-critical process to completion. Their hands-on and collaborative approach was instrumental throughout. The facility is an excellent fit with our style of lending, and we are delighted both to add Mettis to our portfolio and to have worked with Altenburg again in supporting the Company through the next phase of its transformation”.
Ross Clarke, Director at Altenburg Advisory said “We are delighted to have advised Mettis on this important refinancing. This was a complex transaction that required a bespoke solution, combining an inventory-led borrowing base with receivables funding and a super-senior structure alongside existing term debt. Our role extended from shaping the proposed structure through to coordinating the diligence and documentation workstreams. The collaborative and solutions-focused approach adopted by Aurelius Finance Company enabled the facility to close within targeted timescales”.
About Mettis Aerospace
Mettis Aerospace is a fully integrated manufacturing operation with over 80 years of expertise, spanning design, engineering, forging, machining, finishing, assembly and testing, based in Redditch, UK. The firm serves customers across multiple sectors and is an approved supplier to major companies including Airbus, BAE Systems, Boeing, and Rolls‑Royce
About Altenburg Advisory LLP
ACP Altenburg Advisory is a specialist debt advisory firm that works with established UK businesses seeking debt financing to help them achieve their strategic objectives. Altenburg advises on, structures and arranges bespoke financing solutions, with a focus on cash flow finance, ABL and real estate funding