June 4, 2014
AeroCentury announces new five-year expanded $180m revolving credit facility
AeroCentury, an independent aircraft leasing company, has closed a new revolving credit facility. The $180m credit facility replaces the Company’s former $130m facility and can be expanded to $200m. The facility has a five-year term ending on May 30, 2019. The credit facility syndication was led by Union Bank, N.A. as Sole Lead Arranger, Sole Bookrunner and Administrative Agent. U.S. Bank N. A. and California Bank & Trust acted as Co-Documentation Agents.