Air Canada to buy back $174.3 million of 4% convertibles due 2025

By Marisa Wong

Los Angeles, Sept. 9 – Air Canada has agreed to repurchase $174.3 million of its outstanding 4% convertible senior notes due 2025 for an aggregate cash repurchase price of about $209 million, including accrued interest, according to a press release.

The repurchases are expected to close on or about Sept. 13.

Once the repurchased notes are canceled, $573.2 million aggregate principal amount will remain outstanding.

The international air carrier is based in Montreal.

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