Air Transport to partly repay revolver with convertible note proceeds

By Sarah Lizee

Olympia, Wash., Sept. 25 – Air Transport Services Group, Inc. plans to repay a portion of the outstanding borrowings under its $545 million revolving credit facility using proceeds from an offering of $200 million of convertible senior notes due 2024, according to a company release.

Proceeds will also be used for general corporate purposes.

Air Transport is a Wilmington, Ohio-based provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements.

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