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Chorus Aviation redeems C$85 million 6% debentures due 2024
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Chorus Aviation Inc. redeemed an C$85 million portion of its 6% debentures due Dec. 31, 2024 on Friday, according to a press release.
The debentures were redeemed using proceeds of the 5¾% senior debentures due June 30, 2027 issued by Chorus on Sept. 27 as well as available cash.
Following the redemption, C$115 million of the 6% debentures remained outstanding.
The Dartmouth, N.S.-based holding company controls regional and charter airline operator Jazz Aviation LP.
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