AeroTurbine, a subsidiary of AerCap Holdings, has signed an amendment to its credit facility, which increases the total commitments available from $328 million to $425 million and allows for additional newer generation aircraft and engine types as eligible collateral under the facility. Credit Agricole Corporate and Investment Bank led the deal.
"The amendment to our credit facility is an important milestone in the continuing growth of AeroTurbine," said Michael King, AeroTurbine President and Chief Executive Officer. “The increased capacity and the inclusion of newer generation equipment represent a significant commercial advantage to AeroTurbine which will allow the company to aggressively pursue acquisitions of the most profitable aircraft, engines and parts inventory.”