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Previous: AERCO LTD, 6-K, 2000-06-13 |
Next: NEON SYSTEMS INC, 4/A, 2000-06-13 |
Item 1
<TABLE>
AERCO Limited
Report to Noteholders
Payment Date: 15 June 2000. All numbers in US$ unless otherwise stated
Calculation Date: 9 June, 2000.
(i) ACCOUNT ACTIVITY SUMMARY (Between Calculation Dates)
<S> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
Balance on
Calculation
Prior Balance Deposits Withdrawals Date
--------------------------------------------------------------------------------------------------------------------------
9-May-00 9-Jun-00
Lessee Funded Account 0.00 0.00 (0.00) 0.00
Aircraft Purchase Account 0.00 0.00 (0.00) 0.00
Expense Account (note ii) 1,985,337.45 3,476,145.69 (1,078,712.91) 4,382,770.23
Collection Account (note iii) 66,387,116.39 11,989,863.19 (11,311,316.39) 67,065,663.19
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- Liquidity Reserve 40,000,000.00 40,000,000.00
- Security Deposit 15,075,800.00 15,075,800.00
- Other Collections 11,311,316.39 11,989,863.19
--------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------
Total 68,372,453.84 15,466,008.88 (12,390,029.30) 71,448,433.42
--------------------------------------------------------------------------------------------------------------------------
(ii) ANALYSIS OF EXPENSE ACCOUNT ACTIVITY
-------------------------------------------------------------------------
Balance on Previous Calculation Date (9 May, 2000) 1,985,337.45
Transfer from Collection Account 3,460,505.11
Interest Earned during period 15,640.58
Payments during period between previous Calculation
Date and the relevant Calculation Date: 0
- Payments on previous Payment Date (476,681.43)
- Other payments (602,031.48)
-----------------
Balance on relevant Calculation Date (9 June, 2000) 4,382,770.23
-------------------------------------------------------------------------
(iii) ANALYSIS OF COLLECTION ACCOUNT ACTIVITY
-------------------------------------------------------------------------
Balance on Previous Calculation Date (9 May, 2000) 66,387,116.39
Collections during period 11,848,885.13
Swap receipts 140,978.06
Transfer to Expense Account (3,411,037.93)
Net transfer to Lessee Funded Accounts 0.00
Transfer from the Aircraft Purchase Account 0.00
Transfer from the Tax Defeasance Account 0.00
Drawings under credit or liquidity enhancement
facilities 0.00
Aggregate Note Payments (7,850,811.28)
Swap payments (49,467.18)
Repayments of drawings under credit or liquidity
enhancement facilities 0.00
-----------------
Balance on relevant Calculation Date (9 June, 2000) 67,065,663.19
-------------------------------------------------------------------------
<PAGE>
AERCO Limited
Report to Noteholders
All numbers in US$ unless otherwise stated
(iii) ANALYSIS OF COLLECTION ACCOUNT ACTIVITY (Cont'd)
===============================================================================================
ANALYSIS OF CURRENT PAYMENT DATE DISTRIBUTIONS
Priority of Payments
(i)Required Expense Amount 4,500,000.00
(ii)a) Class A Interest 3,178,810.42
b) Swap Payments 0.00
(iii)First Collection Account Top-up 15,000,000.00
(iv)Class A Minimum Principal 0.00
(v)Class B Interest 463,117.72
(vi)Class B Minimum Principal 0.00
(vii)Class C Interest 571,564.70
(viii)Class C Minimum Principal 0.00
(ix)Class D Interest 566,666.67
(x)Class D Minimum Principal 0.00
(xi)Second Collection Account Top-up 40,075,800.00
(xii)Class A Scheduled Principal 0.00
(xiii)Class B Scheduled Principal 312,949.00
(xiv)Class C Scheduled Principal 78,215.00
(xv)Class D Scheduled Principal 0.00
(xvi)Modification Payments 0.00
(xvii)Soft Bullet Note Step Up Interest 0.00
(xviii)Class A Supplemental Principal 6,135,956.23
(xix)Class E Interest 42,100.82
(xx)Class B Supplemental Principal 0.00
(xxi)Class A Outstanding Principal 0.00
(xxii)Class B Outstanding Principal 0.00
(xxiii)Class C Outstanding Principal 0.00
(xxiv)Class D Outstanding Principal 0.00
(xxv)Subordinated Swap Payments 0.00
(xxvi)Subordinated Tax Related Disposition Payments 0.00
(xxvii)Class E Accrued Unpaid Interest 0.00
(xxviii)Class E Outstanding Principal 0.00
-------------------
Total Payments with respect to Payment Date 70,925,180.56
Less Collection Account Top-Ups ((iii) and (xi)above) (55,075,800.00)
-------------------
15,849,380.56
===================
===============================================================================================
<PAGE>
AERCO Limited
Report to Noteholders
All numbers in US$ unless otherwise stated
(iv) PAYMENT ON THE NOTES
-----------------------------------------------------------------------------------------------------------------------------
(a) FLOATING RATE NOTES A-1 A-2 B-1 C-1
-------------------
Applicable LIBOR 6.52250% 6.52250% 6.52250% 6.52250%
Applicable Margin 0.19000% 0.32000% 0.60000% 1.35000%
Applicable Interest Rate 6.71250% 6.84250% 7.12250% 7.87250%
Interest Amount Payable 1,965,270.83 1,213,539.59 463,117.72 571,564.70
Step Up Interest Amount 0.00 0.00 0.00 0.00
Opening Principal Balance 340,000,000.00 205,958,609.65 75,509,179.42 84,312,804.00
Minimum Principal Payment Amount 0.00 0.00 0.00
Scheduled Principal Payment Amount 0.00 0.00 312,949.00 78,215.00
Supplemental Principal Payment Amount 0.00 6,135,956.23 0.00 0.00
Outstanding Principal Payment Amount 0.00 0.00 0.00 0.00
Total Principal Distribution Amount 0.00 6,135,956.23 312,949.00 78,215.00
Redemption Amount
- amount allocable to principal 0.00 0.00 0.00 0.00
- premium allocable to premium 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------
Outstanding Principal Balance (June 15, 2000)) 340,000,000.00 199,822,653.42 75,196,230.42 84,234,589.00
-----------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------
(b) FIXED RATE NOTES D-1
----------------
Applicable Interest Rate 8.5000%
Interest Amount Payable 566,666.67
Opening Principal Balance 80,000,000.00
Minimum Principal Payment Amount 0.00
Scheduled Principal Payment Amount 0.00
Redemption Amount
- amount allocable to principal 0.00
- amount allocable to premium 0.00
Actual Pool Factor 1.0000000
------------------
Outstanding Principal Balance (June 15, 2000)) 80,000,000.00
------------------------------------------------------------------------
<PAGE>
AERCO Limited
Report to Noteholders
All numbers in US$ unless otherwise stated
(v) FLOATING RATE NOTE INFORMATION FOR NEXT INTEREST ACCRUAL PERIOD (Aggregate Amounts)
-----------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
A-1 A-2 B-1 C-1
Applicable LIBOR 6.65125% 6.65125% 6.65125% 6.65125%
Applicable Margin 0.19000% 0.32000% 0.60000% 1.35000%
Applicable Interest Rate 6.84125% 6.97125% 7.25125% 8.00125%
----------------------------------------------------------------------------------------------------------------------------------
(vi) CURRENT PERIOD PAYMENTS Per $100,000 Initial Outstanding Principal Balance of Notes)
------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
(a) FLOATING RATE NOTES
A-1 A-2 B-1 C-1
Opening Principal Amount 3,400.00 2,059.59 755.09 843.13
Total Principal Payments 0.00 61.36 3.13 0.78
-----------------------------------------------------------------------
Closing Outstanding Principal Balance 3,400.00 1,998.23 751.96 842.35
Total Interest 19.65 12.14 4.63 5.72
Total Premium 0.00 0.00 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------
(b) FIXED RATE NOTES
D-1
Opening Principal Amount 800.00
Total Principal Payments 0.00
------------------
Outstanding Principal Balance 800.00
Total Interest 5.67
Total Premium 0.00
-----------------------------------------------------------------------------
</TABLE>
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