Last $11.30 USD
Change Today -0.088 / -0.77%
Volume 1.0K
ACY On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 9:38 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

aerocentury corp (ACY) Snapshot

Open
$11.88
Previous Close
$11.39
Day High
$11.88
Day Low
$11.30
52 Week High
09/17/13 - $20.99
52 Week Low
08/21/14 - $10.90
Market Cap
18.2M
Average Volume 10 Days
5.7K
EPS TTM
$-0.37
Shares Outstanding
1.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AEROCENTURY CORP (ACY)

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aerocentury corp (ACY) Details

AeroCentury Corp. acquires and invests in used regional aircraft and aircraft engines for lease to regional carriers worldwide. As of February 28, 2014, the company owned 9 Bombardier Dash-8-300, 3 Bombardier CRJ-700, 7 Fokker 100, 3 Bombardier Dash-8-Q400, and 1 Bombardier CRJ-705 aircraft. AeroCentury Corp. was founded in 1989 and is headquartered in Burlingame, California.

aerocentury corp (ACY) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.0
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

aerocentury corp (ACY) Key Developments

AeroCentury Corp. Enters into Modification and Limited Waiver to Second Amended and Restated Loan and Security Agreement

On August 26, 2014, AeroCentury Corp. entered into a Modification and Limited Waiver to Second Amended and Restated Loan and Security Agreement with MUFG Union Bank, N.A., as agent and lender (Union), and the other lenders under its credit facility, California Bank and Trust, First Bank, Umpqua Bank, U.S. Bank National Association, and Cathay Bank (collectively, the Participants), which amended that certain Second Amended and Restated Loan and Security Agreement, dated May 30, 2014, as amended to date (the Loan Agreement), between the company, union and the participants. Pursuant to the loan agreement as amended by the modification, union and the participants agreed to waive any default arising out of the company’s non-compliance with the covenant set forth in Section 6.15.5 of the loan agreement due to an impairment charge that the company recorded with respect to certain aircraft. The modification further modified Section 6.15.5 of the loan agreement by excluding from the calculation thereunder any gains or losses on the sale, revaluation, impairment charges or other disposition events related to certain aircraft on or prior to September 30, 2015.

AeroCentury Corp. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charges for the Second Quarter Ended June 30, 2014

AeroCentury Corp. announced unaudited financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues and other income of USD 7,879,000 against USD 7,865,000 a year ago. Loss before income tax provision was USD 5,988,000 against income before income tax provision of USD 2,022,000 a year ago. Net loss was USD 3,920,000 or USD 2.54 per diluted share against net income of USD 1,336,000 or USD 0.84 per diluted share a year ago. For the six months, the company reported revenues and other income of USD 15,882,000 against USD 20,062,000 a year ago. Loss before income tax provision was USD 5,464,000 against income before income tax provision of USD 7,557,000 a year ago. Net loss was USD 3,551,000 or USD 2.30 per diluted share against net income of USD 5,154,000 or USD 3.25 per diluted share a year ago. During the second quarter of 2014, the company recorded impairments totaling USD 6.8 million for five of its Fokker 100 aircraft, based on appraisal.

AeroCentury Corp. Announces New Five-Year Expanded $180 Million Revolving Credit Facility

AeroCentury Corp. announced that it has closed a new revolving credit facility. The $180 million credit facility replaces the company's former $130 million facility and can be expanded to $200 million. The facility has a five-year term ending on May 30, 2019. The credit facility syndication was led by Union Bank, N.A. as Sole Lead Arranger, sole book runner and administrative agent. U.S. Bank N. A. and California Bank & Trust acted as Co-Documentation Agents.

 

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Price/Cash Flow 8.6x
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