 AeroCentury Corp. NYSE American: ACY the Company, an independent aircraft leasing company released information regarding the impact of recent events on the Companys revolving credit facility and the path forward for the Company. In late September 2019, the Company terminated the leases for, and repossessed, three aircraft on lease to a European passenger airline due to the carriers continuing substantial lease payment defaults. The early termination of the three leases caused the Company to fall out of compliance with the required borrowing base covenant as of the September 30, 2019 measuring date the Borrowing Base Noncompliance under its revolving credit facility agreement the Loan Agreement with MUFG Union Bank, NA, as agent MUFG and the other participating lenders such lenders and MUFG referred to as the Lenders. 