ATSG’s bank credit facility expands to support fleet growth

Air Transport Services (ASTG) has announced that it has obtained lender commitments for a one-year extension through May 2024 of its secured credit facility, and an expansion of the facility’s revolver portion. The amendment to ATSG’s agreement with a consortium of banks, led by SunTrust, increases the revolving credit portion of the facility by $100 million, to $645 million. ATSG is exercising its access to additional credit, with lender consent, through an accordion feature of the facility. The exercise reduces the additional credit available under the accordion feature to $300 million from $400 million. Quint Turner, chief financial officer of