Shearman And Sterling

News May 04, 2020

Atlantic Aviation $150 Million Amended Revolving Credit Facility

Shearman & Sterling advised JPMorgan Chase Bank, N.A., as administrative agent on an amendment to Atlantic Aviation FBO Inc.’s senior secured credit agreement, pursuant to which its $150 million revolving credit facility was repaid and terminated (other than with respect to a $10 million commitment, currently undrawn, in place solely in support of outstanding letters of credit) and its leverage-based maintenance covenant was eliminated. 

Atlantic Aviation Corporation operates a network of fixed base operations that provide aviation services for general aviation aircraft owners and pilots in the United States. Its services include, providing fuels, de-icing, aircraft parking, hanger rental, and catering services to non-commercial aircraft owners and operators.

The Team


Regional Experience