Originally Posted by
Reactivity
That's last month's news.
What's news to me is that ATSG's
What’s news to me is which company's back will shoulder this debt? 5 years? Not good terms, so I’m guessing the Omni side of the business will.
In contemplation of the Omni purchase, ATSG today agreed to amend its senior credit facility with a consortium of banks led by SunTrust Bank, previously dated May 31, 2016. The new amended agreement has an aggregate principal amount of $1.28 billion, consisting of the continuing secured revolving credit facility of $545 million, a continuing secured term loan with a current balance of $60 million, and a new $675 million secured term loan. The maturity date of these loans is May 30, 2023.