VAH Announces Closing of $500 Million Warehouse Facility

STAMFORD, Conn.--(BUSINESS WIRE)--Voyager Aviation Holdings, LLC (“VAH”), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (“the Facility”).

Citibank, N.A. (“Citi”) acted as Global Coordinator and Co-Structuring Agent alongside Credit Suisse Securities (USA) LLC (“Credit Suisse”) as Co-Structuring Agent. Citi and Credit Suisse both acted as Joint Lead Arrangers on the Facility. The initial syndicate of lenders also includes Deutsche Bank and Morgan Stanley.

Mike Lungariello, President and CEO of VAH commented, “This $500 million Facility, with participation from marquee aviation lenders, demonstrates the confidence the market has with the VAH platform. In addition to the previous steps taken, this facility further provides the capital and flexibility required to execute on our strategic growth plan. It will also support our focus on the already improving market conditions and growing aircraft demand from our airline customers. VAH is positioned well to be a leader in the global aircraft investment and management space.”

Milbank acted as legal advisor to VAH with Vedder Price acting as legal advisor to the lenders. VAH was also supported in the transaction by Matheson as Irish legal advisor, Walkers as Cayman legal advisor, and KPMG as Irish tax advisor. Citi is acting as the Administrative Agent and the Security Trustee.

About VAH:

VAH is a privately held aviation investment firm and commercial aircraft asset lessor and manager with offices in Stamford and Dublin. Its assets of approximately $2 billion consist primarily of young and modern aircraft on lease to a global customer base of prominent passenger and cargo airlines.

Contacts

Investors: Christian Ginez investor.relations@vah.aero

Media: Susan Donofrio VAH@fticonsulting.com