ATSG Amends Bank Credit Facility

Air Transport Services Group (ATSG) has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower interest cost. Other changes under the amendment provide the Company greater access and flexibility in future borrowings. Specific changes included a reduction in interest pricing, which lowers rate spreads above one-month LIBOR (London Inter-Bank Offered Rate) for borrowings on the facility. Reductions ranged from 37.5 basis points at ATSG’s current secured net leverage ratio to 25.0 basis points at each of the other steps on the pricing