Air Canada has priced its previously announced private offering of senior unsecured notes. The offering was upsized from the previously announced US$300m aggregate principal amount as Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to US$400m of 7.75% senior unsecured notes due 2021 (the “Notes”). The Notes will be sold at par and will provide for interest payable semi-annually. The Notes will be senior unsecured obligations of Air Canada, and will be guaranteed on a senior unsecured basis by one of Air Canada’s subsidiaries. The offering of the Notes is expected to close on April 15, 2014 , subject to customary closing conditions. Air Canada intends to use the net proceeds from the sale of the Notes for general corporate purposes.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada