BURLINGAME, Calif., May 17 /PRNewswire-FirstCall/ -- AeroCentury Corp., (AMEX:ACY), an independent aircraft leasing company, announced today that Bridge Bank, N.A. has joined the Company's credit facility. As a result, the credit facility has been increased from $50 million to $55 million.
Neal D. Crispin, President of AeroCentury, said, "We are pleased that Bridge Bank has joined as one of the financial institutions participating in our credit facility. This increase to our facility gives us additional flexibility in pursuing acquisition opportunities." Christine M. Corso, Senior Vice President, Corporate Lending Team Leader of Bridge Bank, N.A., said, "Bridge Bank appreciates the opportunity to assist AeroCentury in their growth by participating in their current credit facility, and we anticipate our involvement will provide added value to the Company in the future." Bridge Bank, headquartered in Silicon Valley, now has a presence in eleven business markets throughout California and the Central Region of the U.S. In addition to its newly established Central Region technology loan production office in Dallas, Texas, the Bank operates full-service commercial banking offices in San Jose and Palo Alto, a commercial loan production office in the East Bay, a construction loan production office in Redwood City, the Bridge Capital Finance loan production office -- offering structured, asset-based, and factored loans -- in Santa Clara, a Small Business Administration loan production office in Sacramento, and has four Small Business Administration loan sales representatives in the Fresno, Bakersfield, Orange County, and San Diego business markets.
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and is listed on The NASDAQ Stock Market under the trading symbol BBNK.
The full text of the amendment to the credit agreement adding Bridge Bank, N.A. as a participant has been filed in a Form 8-K report with the Securities & Exchange Commission, and is available through the Internet at the SEC's EDGAR system. The filing can also be accessed by clicking "SEC Filings" on the Company's home page at http://www.aerocentury.com/.
AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The Company's aircraft and engines are on lease to regional airlines and commercial users worldwide. DATASOURCE: AeroCentury Corp.
CONTACT: Toni Perazzo, Chief Financial Officer of AeroCentury Corp., +1-650-340-1888 Web site: http://www.aerocentury.com/
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