debt
confidence medium
sentiment negative
materiality 0.55
AerSale amends credit agreement covenants; modifies fixed charge coverage ratio for Q2 2024
AerSale Corp
- Entered into Amendment No. 5 to Credit Agreement on October 24, 2024.
- Modified fixed charge coverage ratio covenant for fiscal quarter ended June 30, 2024.
- Clarified treatment of certain interest expense components in EBITDA calculation.
- Lenders include Synovus Bank and Wells Fargo Bank.