155 0 Kommentare AeroCentury Corp. Files Proposed Plan of Reorganization - Seite 2

The Company has proposed that if an acceptable Plan Sponsor is found and a Plan Sponsor Agreement is entered into, the Company will disclose the identity of the Plan Sponsor and the terms of such Plan Sponsor Agreement in a Plan Supplement to be filed with the Court prior to the vote on the proposed Plan. The Company further proposes that if a Plan Sponsor Agreement is not executed by the voting deadline, the Plan will proceed on the Stand-Alone Plan scenario.

Solicitation of the plan is expressly subject to approval by the Delaware Bankruptcy Court and has not yet occurred. This press release is not a solicitation of votes to accept or reject the proposed Plan/Disclosure Document or an offer to sell or exchange securities of the Company. Any solicitation of votes or offer to sell or exchange or solicitation of an offer to buy or exchange any securities of the Company will be made only pursuant to, and in accordance with, the final Plan/Disclosure Document as and when approved by the Bankruptcy Court. Copies of the proposed Plan/Disclosure Document and the proposed Solicitation Procedures Order, as well as all other Bankruptcy Court filings and other information related to the Chapter 11 Case are available at a website administered by the Company’s noticing and claims agent, Kurtzman Carson Consultants LLC, at https://www.kccllc.net/aerocentury. The above description of the proposed Plan is a summary only and is qualified in its entirety by reference to the full text of the Plan available from such sources, and is subject to further revision.

About AeroCentury: AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines. The Company's aircraft are leased to regional airlines and commercial users worldwide.

This press release contains forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward-looking statements. Forward-looking statements in this press release include statements regarding the Company’s plans to exit Chapter 11 through either the Sponsored Plan scenario or the Stand-Alone Plan scenario, and the Company’s ability to find a Plan Sponsor or enter into a mutually-agreeable Plan Sponsor Agreement. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the heading “Factors that May Affect Future Results and Liquidity” in documents filed by the Company with the Securities and Exchange Commission, including the Company's quarterly reports on Form 10-Q and the Company’s latest annual report on Form 10-K, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings, the risk of the Company’s failure to find a Plan Sponsor or enter into a Plan Sponsor Agreement on favorable terms, or at all, and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company does not intend, and assumes no obligation, to update any forward-looking statements made in this press release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.