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OMB APPROVAL
OMB Number: 3235-0060
UNITED STATES Expires:December 31, 1997
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
Washington, D.C. 20549 hours per response .. . . 5.00
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of September 25, 1997
earliest event reported)
Atlantic Coast Airlines, Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-21976 133621051
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
515-A Shaw Road, Dulles, Virginia 20166
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, 703/925-6000
including area code
N/A
(Former name and former address, if changed since last report.)
Item 5. Other Events.
On September 25, 1997, Atlantic Coast Airlines announced in a press
release attached as Exhibit 99 to this Form 8-K the closing of the sale of
approximately $111.6 million of its Pass Through Certificates, Series 1997-1
pursuant to Rule 144A, adopted pursuant to the Securities Act of 1933.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibit 99. Text of press release dated September 25, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ATLANTIC COAST AIRLINES, INC.
a Delaware Corporation
By: /s/ Paul H. Tate
Name: Paul H. Tate
Title: Senior Vice President, Chief
Financial Officer, and Treasurer
Date: October 6, 1997
EXHIBIT INDEX
Exhibit No. Description
99 Press release dated September 25, 1997
For Immediate Release Contact: Jennifer Heronema
September 25, 1997 Public Relations Manager
Page 1 of 1 (703) 925-6019
Atlantic Coast Airlines Successfully Completes Placement of
$111.6 million of Enhanced Equipment Trust Certificates
Dulles, Va. (September 25, 1997) _ Atlantic Coast Airlines (NASDAQ/National
Market: ACAI), which operates in the Eastern United States as United Express,
today announced that it has successfully completed placement of $111.6 million
aggregate principal amount of enhanced equipment pass through trust certificates
("EETCs") under Rule 144A of the Securities Act of 1933.
The net proceeds of the offering will be used to provide debt financing for
leveraged lease transactions for the first six of the company's order of 12 new
Bombardier Canadair Regional Jets ("CRJs"), scheduled for delivery between July
1997 and September 1998. A portion of the proceeds also will be used to finance
leveraged leases for four used J-41 turboprop aircraft and the purchase by the
company of three used and one new J-41 aircraft.
The EETCs have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration under the Securities
Act or an applicable exemption.
Atlantic Coast Airlines operates its hub at Washington-Dulles International
Airport, where it offers more than 200 departures every business day as United
Express. From Washington-Dulles, ACA serves 40 destinations in 17 states with
nonstop service. Its route system spans the East Coast from Maine to South
Carolina and as far west as Michigan. ACA operates a fleet of 60 British
Aerospace Jetstream aircraft, including 31 Jetstream 41s, which accommodate 29
passengers and 29 Jetstream 32s, which accommodate 19 passengers.
In January, ACA announced the acquisition of twelve 50-seat jet aircraft from
Bombardier's Canadair unit, with an option for 36 additional jets. Three
Canadair Regional Jets have been delivered. The average age of ACA's fleet is
approximately five years.
###
Note: To retrieve the latest ACA/United Express news releases, please visit
ACA's home page on the World Wide Web at http://www.AtlanticCoast.com.
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