Capstone Headwaters, advised AeroCentury Corp. (“AeroCentury”) on its portfolio refinancing through a $145.0 million revolving credit facility and a $44.3 million term loan facility.
Headquartered in Burlingame, CA, AeroCentury is an aircraft lessor specializing in regional turboprop and jet aircraft for operators in North America, Europe, Africa and Asia.
Toni Perazzo, Chief Financial Officer for AeroCentury, said
“We appreciate the support of our new and existing lenders for the refinancing. We believe the addition of a term loan facility for our business is the right evolution of our capital structure to support our current operations and business plan. Capstone’s deep expertise in regional aviation helped us find the best solution for our specific needs.”
Capstone Headwaters Managing Director Beau Roy, added
“AeroCentury has a diverse fleet and customer base, and it took creativity by all parties to find the right structure for this financing. We really enjoyed working with the AeroCentury team on this and are grateful for the opportunity to help them build for the future.”