Babson Capital Provides Debt for Midnite Air Deal

Babson Capital Management announced Thursday that it provided subordinated debt and made an equity co-investment to support The Riverside Company’s investment in Midnite Air Corp. Babson Capital was the sole provider of subordinated debt on the transaction. Los Angeles-based Midnite Air is a provider of third-party transportation and logistics services to the entertainment, life sciences, aviation and medical industries.

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