Air Canada Announces Offer to Purchase up to US$300 million aggregate principal amount of its 4.000% Convertible Senior Notes due 2025
Source: Air Canada Air Canada today announced that it has launched a cash tender offer (the "Offer"), which also constitutes an issuer bid under Canadian securities laws, pursuant to which Air Canada will offer to purchase for cancellation up to US$300 million aggregate principal amount of its outstanding 4.000% Convertible Senior Notes due July 1, 2025 (CUSIP No. 008911 BF5) (the "Notes") at a purchase price of US$1,220 in cash per US$1,000 principal amount of Notes, plus a cash payment in respect of all accrued and unpaid interest on such Notes up to, but excluding, the date on which such Notes are taken up by Air Canada pursuant to the Offer. The Offer will expire at 11:59 pm (Montreal time) on December 19, 2022, [...]