The expansion of the revolver ceiling does not affect the variable interest rate on that portion of the agreement. It currently stands at the Eurodollar Rate plus 2.25 percentage points, based on the schedule in the credit facilities agreement. The credit facility is secured by certain designated aircraft.
Joint lead bank responsibilities in the bank consortium are shared by Regions and JPMorgan Chase. Documentation agent responsibilities are assumed by Bank of America.
ATSG is a leading 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. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.
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