August 21, 2014 1:20 PM ET

Aerospace and Defense

Company Overview of EP Aviation LLC

Company Overview

EP Aviation LLC is an aviation company that owns and leases aircrafts. The company is based in Mclean, Virginia. As of April 7, 2010, EP Aviation LLC operates as a subsidiary of AAR Corp.

1650 Tysons Boulevard

Suite 800

Mclean, VA 22102-4844

United States

Key Executives for EP Aviation LLC

EP Aviation LLC does not have any Key Executives recorded.

EP Aviation LLC Key Developments

EP Aviation LLC Enters into Second Amendment to Master Loan Agreement

On March 28, 2013, EP Aviation LLC, an indirect subsidiary of AAR CORP, entered into that certain second amendment to master loan agreement among EP Aviation, LLC as borrower, BMO Harris Bank N.A., as a lender, and The Huntington National Bank, both individually as a lender and as administrative agent for itself and for Harris (the Huntington Second Amendment). The Huntington second amendment reduces the applicable margin in the master loan agreement from 325 basis points to 175 basis points over LIBOR, and reduces the revolving credit commitments of the lenders from $65 million to $40 million. It also provides that the company shall apply to the prepayment of the revolving loans the sum of $775,000 on the first day of each month beginning May 1, 2013 through and including April 1, 2015 and the remaining outstanding principal balance, together with accrued and unpaid interest thereon, shall become due on the credit termination date.

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