AeroCentury expands credit facility to US$170m

AeroCentury, an independent aircraft leasing company, has reported that the participants in its credit facility, for which MUFG Union Bank is the lead participant and agent bank, have added a fifth participant to the lender syndicate and expanded the total revolving credit facility amount to US$170m from US$150m. The Company also announced that it had completed the purchase of a package of three Embraer 175 aircraft on lease to a U.S. regional carrier.