Rising production rates and new aircraft programmes are resulting in a need for additional capacity in the aerospace supply chain, including the aircraft cabin interiors sector. In response, FACC AG, an Austria-based Tier 1 supplier specialising in aerostructures, engine and nacelle components, and cabin interiors for every major aerospace OEM, is investing around EUR 350 million (US$392 million) in technology, infrastructure and international growth, with the benefits expected to be seen by 2030.
The company has realigned its financing structure to support these plans. Led by UniCredit Bank Austria, seven banks (five from Austria and two from Germany) are supporting FACC’s next phase of growth and are refinancing the company’s existing syndicated loan.
The new EUR 190 million (US$212 million) syndicated loan financing facility is intended to support the implementation of FACC’s growth strategy, secure long-term financing capacity, and provide additional flexibility to enable future investments and growth opportunities.
The new syndicated loan has an initial term of three years and can be extended twice by one year each. It replaces the existing EUR 225 million syndicated loan ahead of its maturity in February 2027.
“We aligned our financing structure with FACC’s future growth at an early stage, thereby creating a solid foundation for the investments ahead. Our positive operational development is now also reflected in improved financing conditions. Our strengthened financial profile gives us additional flexibility to optimise our financing structure and secure sufficient liquidity to support our strong growth,” explained Florian Heindl, CFO of FACC AG.
Growth needs investment
More than 42,000 new passenger aircraft will be required worldwide by 2045. As a partner to all major aircraft and engine manufacturers, FACC is expanding its capacities to support rising production rates in existing programmes as well as new customer projects. The investments are focused on automation, new technologies, and additional production capacity.
In other FACC news, the company recently opened an extension of its manufacturing plant for aircraft cabin interiors components in Jakovlje, Croatia, which represents a EUR 36 million investment.
