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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 7/19/2021 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Air Canada will use new term loan to refinance bonds due 2023, 2024

Chicago, July 19 – Air Canada announced that proceeds from a new term loan will be used to refinance the company’s C$200 million 4¾% senior notes due 2023 and its C$840 million 9% second-lien notes due 2024, according to a press release and a market source.

Proceeds will also be used to refinance the company’s existing $600 million revolver due 2024 and $580 million term loan B due 2023.

Air Canada is a Montreal-based airline company.


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