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Air Canada plans to sell $300 million seven-year notes this week
By Paul A. Harris
Portland, Ore., April 7 - Air Canada, Canada's largest airline, plans to sell $300 million of seven-year senior notes (expected Caa2/confirmed B-) before the end of the week, according to a market source.
J.P. Morgan Securities LLC is the lead in a syndicate of banks that includes bookrunners Citigroup Global Markets, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co.
The Montreal-based air carrier plans to use the proceeds from the Rule 144A and Regulation S deal for general corporate purposes.
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