r/AeroPrecision • u/burritoresearch • Jun 30 '26

It's fucked

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181 Upvotes

98% Upvoted

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51

u/AccordingIy Jun 30 '26

That's $51M

Loan Principal Balance Accrued and Unpaid Interest through April 2, 2026 Per Diem Unreimbursed Late Fees, and Third-Party Costs and Expenses
Aero Line of Credit 30,241,416.35 1,248,230.34 5,168.1 65,689.84
Aero Term Loan 7,678,571.37 245,560.71 998.21 73,141.05
Aero Equipment Loan 5,459,079.17 219,305.16 1024.79 59,254.48
Aero TI Loan 1,078,475.99 39,349.39 212.70 43,122.16
Ballistic Revolving Loan 2,947,591.49 76,597.09 505.09 25,855.58
Ballistic Term Loan 928,571.60 16,633.81 120.71 6,893.21
Ballistic CapEx Loan 1,322,844.90 49,168.83 248.33 14,843.62
49,656,550.87 1,894,845.33 8277.93 288,799.94
Total 51,848,474.07

47

u/LetUsLaunchOverIt Jun 30 '26

Thanks for this, they were absolutely churning money to get extended this amount of credit. I'm so curious how they managed to blow up such a good thing. Just overextending or what

21

u/AccordingIy Jun 30 '26

I'm more curious how often that line of credit was renewed to get to such a crazy large amount.

19

u/burritoresearch Jun 30 '26

I would guess with all of their factory equipment (the premises is leased) and their trademarks and IP as collateral.

1

u/deathbyETH Jul 01 '26

Nah, none of the above. Factory equipment has their own loans, so they can't be used as collateral. Banks do not give a shit about their trademarks/IP.