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AeroTurbine credit facility downsized

13 December 2011

The company has cut its $425 million revolving credit facility by $90 million.

Read more: AeroTurbine ILFC credit facility

AeroTurbine, the part-out company recently acquired by ILFC, has agreed a trimmed revolving credit facility with banks.

The company signed the amended facility last Friday, ILFC said in an SEC statement. AeroTurbine can withdraw up to $335 million under the new facility, compared to $425 million under its old facility, which was...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

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