The submit Air Canada announces repurchase of 4.000% convertible senior notes due 2025 appeared first on TD (Travel Daily Media) Travel Daily.
Air Canada has agreed to repurchase USD 174.3 million mixture principal quantity of its excellent 4.000% Convertible Senior Notes due 2025 (the “Notes”) for an mixture money repurchase value of roughly USD 209 million, together with accrued curiosity. The repurchases are anticipated to shut on or about 13 September 2022, topic to customary closing circumstances. Following the closing of the repurchases and the cancellation of the repurchased Notes, USD 573.2 million mixture principal quantity of Notes will stay excellent.
Air Canada is Canada’s largest airline, the nation’s flag provider and a founding member of Star Alliance, celebrating its 25thanniversary in 2022. Air Canada supplies scheduled passenger service on to 51 airports in Canada, 51 in the United States and 86 internationally. It is the one worldwide community provider in North America to obtain a Air Canada provides the power to earn or redeem factors on the world’s largest airline associate community of 45 airways, plus by way of an in depth vary of merchandise, resort and automotive rental rewards. Air Canada has dedicated to a web zero emissions aim from all world operations by 2050.
The submit Air Canada announces repurchase of 4.000% convertible senior notes due 2025 appeared first on Travel Daily.