SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 8-K __________________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 5, 2019 AEROCENTURY CORP. (Exact name of Registrant as specified in its charter) Delaware ###-###-#### (State of Incorporation) (I.R.S. Employer Identification No.) 000-1036848 (Commission File Number) 1440 Chapin Avenue, Suite 310 Burlingame, CA 94010 (Address of principal executive offices including Zip Code) 650 ###-###-#### (Registrant's telephone number, including area code) Not applicable (Former name and former address, if changed since last report)

On December 5, 2019, AeroCentury Corp.  (the "Company") and two of its subsidiary corporations, JetFleet Holding Corp. and JetFleet Management Corp., entered into a Temporary Waiver and Consent and Third Amendment to Credit Agreement ("Third Amendment") with  MUFG Union Bank, N.A., as Agent, MUFG Bank Ltd. ("MUFG Ltd."), as swap counterpary, and the lenders ("Lenders") under that certain Third Amended and Restated Credit Agreement dated as of February 19, 2019 (the "Credit Agreement").   The Third Amendment: (i) reduced the current maximum availability under the Credit Agreement to $85,000,000.00, and eliminated the accordion feature under the Credit Agreement that allowed the Company to request an increase of credit availability up to $108,000,000; (ii) temporarily waived certain financial covenant defaults reported in the Company's November 27, 2019 Covenant Compliance Certificate to the Lenders (the "November Compliance Defaults"), and provided that the November Compliance Defaults would not cause a termination under that certain Forbearance Agreement, dated October 28, 2019, between the Company, the Lenders and certain other parties, as amended (the "Forbearance Agreement"); (iii) approved the Company's cash flow budget delivered to Lenders on November 27, 2019, including the disbursement of funds to the Company provided under such budget to occur on December 6, 2019; and (iv) granted a temporary waiver of any event of default under swap contracts with MUFG Ltd. as a result of the November Compliance Defaults or other existing defaults previously waived by the Lenders pursuant to the Forbearance Agreement and previous Credit Agreement amendments.

 

The foregoing description of the Third Amendment is qualified in its entirety by reference to the copy of the Third Amendment filed as Exhibit 10.1 hereto.