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0 0 0.000213675213675171 0 0.00576923076923068 0.00737179487179485 0.00854700854700852 0.00833333333333335
Stock impact report

AELF Announces Completion of $40 Million Credit Facility With Merchants Bank [Yahoo! Finance]

Community Bank System, Inc. (CBU) 
Last community bank system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: Yahoo! Finance
"Merchants Bank has become a great partner to us over the last 6 years. The Merchants team is a great group who've taken the time to understand our business and provide capital solutions which allow us to achieve our business development objectives," said Joe Cirillo, COO & Head of Global Marketing for AELF. "Relationships like Merchants Bank are important to AELF as we actively expand our 737-800 portfolio and take advantage of current market opportunities." The credit facility is collateralized, in part, by four of the company's ten A330-200s. Those aircraft, which AELF acquired from Airbus Asset Management Division in 2016 and 2017 are on long term operating lease with Canada's Air Transat. In addition to A330-200s, the company owns 737-800s which it sees as the growth area for its business. "AELF is an innovative business with an experienced management team," remarked Ariana Meiser, Market President for Merchants Bank. "We take pride in supporting their endeavors, providing t Show less Read more
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