AeroTurbine enters into $335 million amended, restated revolver

By Angela McDaniels

Tacoma, Wash., Dec. 9 - AeroTurbine, Inc. amended and restated its senior secured revolving credit facility on Friday, according to an 8-K filed with the Securities and Exchange Commission by parent company International Lease Finance Corp.

The size of the revolver is $335 million. The amount of borrowings is subject to availability under a borrowing base consisting of some of AeroTurbine's aircraft assets and accounts receivable.

AeroTurbine borrowed about $269 million of the initial available amount.

There is a $165 million accordion feature.

With certain exceptions, the interest rate will be Libor plus 300 basis points.

The facility is guaranteed by International Lease Finance and all of AeroTurbine's subsidiaries, subject to certain exclusions.

AeroTurbine is a Miami-based company that provides the aviation industry access to a pool of certified aircraft engines, parts and supply chain solutions. Los Angeles-based International Lease Finance leases and markets commercial jet aircraft to airlines.

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