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Muzinich & Co private debt funds finance Sofitec with a loan of 41.5 million euros

Sofitec is the first company in the aeronautical sector in Spain that the US fund supports financially

The aerospace company Sofitec, based in Aerópolis, formalized on June 25 with funds managed and / or advised by the American credit manager Muzinich a loan of 41.5 million euros. The operation is an important boost to strengthen the growth of Sofitec, which expects to exceed 70 million euros in sales in 2024 and double its workforce to reach 600 aeronautical professionals.

Specialized in corporate debt, Muzinich & Co offers, through its Pan-European and Iberian private debt funds, customized financing solutions to companies with revenues between 20 and 500 million euros, aimed at growth initiatives, acquisitions, expansions and transitions.

In Spain, Muzinich has so far granted this type of financing to eight other companies, and Sofitec becomes the first in the aerospace sector in Spain that Muzinich supports financially, having already supported another company in the sector in the United Kingdom. Muzinich has so far financed 50 medium-sized companies in Europe through its private debt funds.

Sofitec will allocate these funds to the expansion of its facilities in Carmona and the implementation of new technologies, which will allow it to double its current productive capacity and expand its portfolio of services. In turn, this operation will help the company cope with the expected growth over the next few years and optimize its liabilities, reinforcing the financial solvency of the company in the long term.

Thanks to this operation, Sofitec, specialized in manufacturing and assembly of aerostructures, reaffirms its strategic position as a provider of aeronautical components on a global scale, and allows it to continue undertaking projects of high complexity and cadence with the world's leading aircraft manufacturers, such as Airbus or Boeing.