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Voyager Faces Delisting From Toronto Stock Exchange After Bankruptcy Filing
According to Voyager’s bankruptcy filing, the firm has over 100,000 creditors and US$1.1 billion in total loans outstanding.
Kabir V.
6:04 7th Jul, 2022

After Voyager Digital filed for Chapter 11 bankruptcy on Tuesday, the Toronto Stock Exchange suspended trading in Voyager shares on Wednesday, announcing an expedited delisting review.

As of April 30, Voyager’s total assets amounted to a little over US$5 billion while its total liabilities stood at US$4.9 billion, according to the filing.

Last week, Voyager said it will pursue recovery of over US$650 million loaned to Three Arrows Capital.

Voyager’s bankruptcy filing came despite securing a revolving credit facility of US$500 million from Alameda Research, owned by FTX CEO Sam Bankman-Fried.

The bankruptcy filing shows that Alameda Research owes nearly US$377 million to Voyager, the biggest loan on its books, followed by the debt owed by 3AC.


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