Voyage Digital launches amendment regarding internal restructuring

By Sara Rosenberg

New York, Nov. 6 – Voyage Digital NZ was scheduled to hold a lender call at 6:30 p.m. ET on Monday to launch an amendment to its term loan B, according to a market source.

The company has proposed an internal restructuring that will result in the Australian and New Zealand investments currently held under Voyage Australia Holdings Pty Ltd. to be held under legally separated structures.

A newly established wholly owned subsidiary (new Holdings) of the sponsors, incorporated under the laws of Australia will acquire from Voyage Australia Holdings, the equity interests of each of the U.S. borrower and New Zealand borrower.

New Holdings will be directly or indirectly wholly owned by the permitted holders and will be the direct parent of the borrowers, the source said.

No other change to the corporate structure and no other transfer of assets will occur other than the acquisition by new Holdings of the borrowers from Voyage Digital Investments.

The amendment deadline is noon ET on Friday, the source added.

Voyage Digital is a telecommunications company.

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