VAH completes out-of-court exchange

Voyager Aviation Holdings (VAH), the aviation investment firm and lessor, announced today that it has completed its previously announced exchange offer, with holders of a definitive 98.49% of its existing unsecured notes due 2021 and all of its equity holders supporting the transaction. The exchange offer to all of the outstanding holders of the $415.337 million of existing unsecured notes, for (i) 100% of the pro forma common equity of the company (new equity), which is subject to dilution by a post-restructuring management incentive plan, (ii) up to $150.0 million of new 8.500% senior secured notes due 2026 (new notes),