AerSale Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

FINANCING ARRANGEMENTS (Tables)

FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of outstanding debt obligations


	2020		2019
$110.0 million Wells Fargo Senior Secured Revolving Credit Facility LIBOR plus margin, interest payable monthly, maturity at July 20, 2021	$	—	$	—
$35.0 million Senior Secured Notes, interest payable with principal monthly, maturity at August 19, 2020 net of debt issuance costs of $72,000 as of December 31, 2019		—		3,352,000
Total		—		3,352,000
Less current portion		—		(3,352,000)
Total long-term portion	$	—	$	—

Schedule of amortization expense


	Year ended December 31,
	2020		2019		2018
Amortization expense	$	740,000	$	803,000	$	1,020,000

Revolving credit agreement

Financing arrangements

Schedule of interest expense


	Year ended December 31,
	2020		2019		2018
Interest expense	$	479,000	$	1,389,000	$	703,000

Senior secured notes

Financing arrangements

Schedule of interest expense


	Year ended December 31,
	2020		2019		2018
Interest expense	$	77,000	$	516,000	$	938,000

- 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