AerSale Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

FINANCING ARRANGEMENTS (Tables)

FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of outstanding debt obligations

Outstanding debt obligations as of December 31, 2024 and 2023 consisted of the following (in thousands):


	December 31,		December 31,
	2024		2023
$180.0 million Wells Fargo Senior Secured Revolving Credit Agreement	$	39,235	$	29,000
$10.0 million CIBC Property and Equipment Revolving Term Loan		1,814		-
$10.0 million Synovus Property and Equipment Revolving Term Loan		-		8,559
Total		41,049		37,559
Less current portion		(605)		(1,278)
Total long-term portion	$	40,444	$	36,281

Schedule of amortization expense

Amortization expense was as follows (in thousands):


	Year ended December 31,
	2024		2023		2022
Amortization expense	$	337	$	400	$	455

Schedule of interest expense

Interest expense on the Revolving Credit Agreement was as follows (in thousands):


	Year ended December 31,
	2024		2023		2022
Interest expense	$	4,849	$	733	$	2

Schedule of payments on the equipment loan

Maturities of the Equipment Loan as of December 31, 2024 are as follows (in thousands):


Year ending December 31:
2025	$	605
2026		605
2027		604
Total payments	$	1,814

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details