Issue Closed – Vaughn College of Aeronautics and Technology

GATES Capital Corporation is pleased to announce that it has successfully closed a $15,000,000 financing for the benefit of the Vaughn College of Aeronautics and Technology (“Vaughn College”). The proceeds of the financing were used for the purchase and to renovate a new academic and administrative building as well as renovations to their Main Campus. The loans were provided by a commercial lending institution and allowed for Vaughn College to continue to expand its mission of education in the aviation field.

About Vaughn College:

Vaughn College is a private institution of higher education offering Master of Science, Bachelor of Science, Bachelor of Technology, Associate in Applied Science, and Associate in Occupational Studies programs in engineering, technology, aviation, and Management. Located adjacent to LaGuardia Airport in Queens, New York, Vaughn is an accredited degree-granting-college with a big commitment to student success. Vaughn College provides for careers in exciting positions at well-known organizations such as Lockheed Martin, The Port Authority of New York/ New Jersey, United Technologies, Consolidated Edison and JetBlue Airways.

For more information, please do not hesitate to contact the following:

Gregory M. LiCalziExecutive Vice President

David W. BarrExecutive Vice President

Greg LiCalzi, Jr.Vice President

Thomas Culhane, Analyst