Air Transport Services Group has obtained lender commitments for a one-year extension through May 2024 of its secured credit facility, and an expansion of the facility’s revolver portion.
The amendment to ATSG’s agreement with a consortium of banks, led by SunTrust, increases the revolving credit portion of the facility by US$100 million, to US$645 million. ATSG is exercising its access to additional credit, with lender consent, through an accordion feature of the facility. The exercise reduces the additional credit available under the accordion feature to US$300 million from US$400 million.
