Air Transport to repay revolving loans via new notes due 2028

By Marisa Wong

Los Angeles, Jan. 13 – Air Transport Services Group, Inc. said it plans to repay some revolving loans outstanding under its second amended and restated credit agreement using proceeds from an offering of new notes.

The company announced on Monday that it plans to offer up to $400 million of senior notes due 2028 through subsidiary Cargo Aircraft Management, Inc.

Air Transport is an aircraft leasing and air cargo transportation company based in Wilmington, Ohio.

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