Air Canada Completes Refinancing Transaction exceeding C$7.1 Billion
Retrieved on:
Wednesday, August 11, 2021
Diamond, TD Securities, Term loan, Air Canada, Scotiabank, Intention, TD, BMO Capital Markets, FOR, News, Primary Dealer Credit Facility, National bank, Borrowing base, Deutsche Bank, Nature, Company, BofA Securities, HSBC, Prospectus, Securities Act of 1933, AC, Travel, Cayman Islands dollar, Star Alliance, Citigroup, Risk, RBC Capital Markets, Note, Credit, Atmosphere of Earth, Senior, Forward-looking statement, Credit Suisse, APEX, Phrase, Morgan Stanley, United States one-dollar bill, Sale, COVID-19, Certification, J. P. Morgan, Atmosphere, Transport, NOT, TSX, Security (finance), Risk management
The balance of the proceeds are being retained for working capital and other general corporate purposes of Air Canada and its subsidiaries.
Key Points:
- The balance of the proceeds are being retained for working capital and other general corporate purposes of Air Canada and its subsidiaries.
- Air Canada is Canada's largest domestic and international airline, and in 2019 was among the top 20 largest airlines in the world.
- In January 2021, Air Canada received APEX's Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking.
- Air Canada has also committed to a net zero emissions goal from all global operations by 2050.