Voyager Aviation Holdings, an aircraft asset lessor and manager, closed a five-year, senior secured warehouse facility with an initial committed amount of $500 million. Citi is acting as the administrative agent and security trustee for the facility.
Citi also acted as global coordinator and co-structuring agent for the facility, with Credit Suisse Securities serving as the other co-structuring agent. In addition, 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.
“This $500 million facility, with participation from marquee aviation lenders, demonstrates the confidence the market has with the VAH platform,” Mike Lungariello, president and CEO of Voyager Aviation Holdings, said. “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 Voyager Aviation Holdings, while Vedder Price acted as legal advisor to the lenders on this transaction. Voyager Aviation Holdings was also supported in the transaction by Matheson as Irish legal advisor, Walkers as Cayman legal advisor and KPMG as Irish tax advisor.
