Sunday, May 2, 2010

AeroCentury Corp. Closes Revolving Credit Facility for $75 Million

BURLINGAME, Calif., April 29 /PRNewswire-FirstCall/ -- AeroCentury Corp. (NYSE Amex: ACY), an independent aircraft leasing company, today announced that it has closed a new revolving credit facility. The $75 million credit facility, which has the ability to be expanded to $110 million, is available to AeroCentury through April 28, 2012. The credit facility is provided by a syndicate of banks led by Union Bank, N.A. as Agent. The initial draw under the new credit facility was used to repay AeroCentury's previous credit facility which was due to expire on......

-----------------------------------------------------------------------------------------------------------------
Visit myairlease.com for Lessors, Appraisers, Financiers and Legal firms!
-----------------------------------------------------------------------------------------------------------------