Montreal (ots-PRNewswire) - Air Canada announced today that it is
proposing to sell US$400,000,000 aggregate principal amount of senior
unsecured notes due 2011 on a private placement basis in the United
States under Rule 144A under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and on a private placement basis in
Canada and Europe.
Air Canada will use the net proceeds from the offering to
refinance existing debt.
These notes have not been registered under the Securities Act and
may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements.
Air Canada is Canada's premier domestic and international
full-service airline and provides world wide passenger
transportation. The Company's Common Shares are listed on the Toronto
Stock Exchange and its Class A Non-Voting Common Shares are listed on
the Toronto Stock Exchange and quoted on the Nasdaq National Market.
ots Original Text Service: Air Canada
Nicole Couture-Simard (MontrÈal):
Tel. +1 (514) 422-5788
Laura Cooke (Toronto):
Tel. +1 (416) 263-5576
Angela Mah (Vancouver):
Tel. +1 (604) 643-5660
Original-Content von: Air Canada, übermittelt durch news aktuell