• About Us
    • Careers
  • M&A Services
    • Buy Side Advisory
    • Capital Raising
    • Sell Side Advisory
    • Transaction Planning & Readiness Review
  • Industry Expertise
    • Business Services & Technology
    • Consumer, Food & Retail
    • Healthcare
    • Industrials
    • Plastics & Packaging
  • Transactions
  • Team
  • News & Insights
    • Events
    • Industry Updates
    • News
    • Perspectives
Menu
  • About Us
    • Careers
  • M&A Services
    • Buy Side Advisory
    • Capital Raising
    • Sell Side Advisory
    • Transaction Planning & Readiness Review
  • Industry Expertise
    • Business Services & Technology
    • Consumer, Food & Retail
    • Healthcare
    • Industrials
    • Plastics & Packaging
  • Transactions
  • Team
  • News & Insights
    • Events
    • Industry Updates
    • News
    • Perspectives
Contact

Transactions

  • Back to Transactions

PMCF advises AVL Michigan Holding Corporation in a debt financing transaction with Citizens Bank and Comerica Bank

  • August 21, 2007
  • Transactions
  • Automotive, Industrials

has obtained credit facilities provided by

and

P&M Corporate Finance, LLC (“PMCF”) is pleased to announce it has arranged $28.8 million of senior debt financing for AVL Michigan Holding Corporation (“AVL”). PMCF served as the exclusive financial advisor to AVL in completing the transaction. The financing was provided by Citizens Bank and Comerica Bank. The proceeds will be used to fund ongoing working capital requirements and finance the purchase and improvement of real estate and equipment.

PMCF’s Industrials team worked closely with AVL management to initiate, evaluate and negotiate the entire transaction, as well as assist AVL in developing relationships with new banking partners. The new financing arrangement strengthens AVL’s ability to capitalize on several large projects currently being pursued with its major automotive OEM customer base. In addition, AVL was able to secure funding to purchase and expand its state-of-the-art facilities in Plymouth, Michigan.

About AVL

AVL Michigan Holding Corporation is a subsidiary of AVL List GmbH, the leading global provider of diesel powertrain engineering, simulation and powertrain testing systems. Headquartered in Graz, Austria AVL List has affiliates in over 25 countries around the world. Its North American operation, AVL Michigan Holding Corporation, is comprised of AVL North America and AVL Powertrain Engineering, Inc. It is headquartered in Plymouth, Michigan with additional facilities in Plymouth, Bloomfield Twp., and Ann Arbor, Michigan.

Prev
Next

Stay Informed

Subscribe to our newsletter for the latest industry updates

Subscribe

Latest Transactions

PMCF Advises Allied Plastics on its Sale to All-State Industries
PMCF Advises Watterson in its Sale Transaction with Highview Capital
PMCF Advises Federal Equipment Company in its Sale to Fairbanks Morse Defense
PMCF Advises D&D Ingredient Distributors in its Sale to Associated Feed & Supply
PMCF Advises Andronaco Industries in its Sale to EagleTree Capital
Contact

Follow Us On

Securities offered through P&M Corporate Finance, LLC. Member of FINRA and SIPC.

Cfi Logo White 94x94 On About

Home

  • About
  • Team
  • Careers

M&A Services

  • Buy Side Advisory
  • Capital Raising
  • Sell Side Advisory
  • Transaction Planning & Readiness Review

Industry Expertise

  • Business Services & Technology
  • Consumer, Food & Retail
  • Healthcare
  • Industrials
  • Plastics & Packaging

News & Insights

  • Transactions
  • News
  • Industry Updates
  • Perspectives
  • Events

©2021 PMCF

  • Member SIPC​
  • Member FINRA
  • FINRA Broker Check
  • Business Continuity Plan​
  • Disclaimer​
  • Privacy Policy​