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Exchange Income Corp Completes Acquisition Of Regional One, Inc

Monday, 15 Apr 2013 07:00am EDT 

Exchange Income Corp announced the completion of acquisition of Regional One, Inc., a privately-owned US company that is a provider of 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 USD74.2 million, of which USD13.5 million was paid through the issuance of 494,656 common shares and the balance, USD60.7 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. 

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