Exchange Income Corporation completes acquisition of Regional One

Exchange Income Corporation has completed its acquisition of Regional One, a privately owned US company that provides aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition was first announced on February 28, 2013. The corporation paid a total purchase price of US $74.2 million, of which US $13.5 million was paid through the issuance of 494,656 common shares and the balance, US $60.7 million, was financed through the corporation’s senior credit facility. A portion of the cash and share payments at close were put in escrow, and will be held until certain conditions are met.