DBRS rates Aimia notes BBB

DBRS said it assigned a rating of BBB with a stable trend to Aimia Inc.'s C$200 million senior secured debt issuance that will due Jan. 22, 2018.

The notes will be direct secured obligations of Aimia and will rank pari passu with all other secured and unsubordinated indebtedness of the issuer.

Proceeds from the offering are expected to be used to finance the previously announced acquisition of an additional 20% equity interest in Premier Loyalty & Marketing, SAPI de CV and related fees and for general corporate purposes.

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