Air Canada

Air Canada announces closing of private placement of senior notes

Montreal (ots-PRNewswire) - Air Canada has announced that it has completed the previously announced sale of US$300 million and euros 100 million aggregate principal amount of its 10.25% senior notes due March 15, 2011. The U.S. Dollar notes and the Euro notes were sold on a private placement basis in the United States pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The U.S. Dollar notes and the Euro notes were also sold on a private placement basis outside the United States. The senior notes were sold at a price of 98.475% of par and resulted in estimated net proceeds to the Company of $378 million. The net proceeds of this offering will be used to refinance existing debt. These senior 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 worldwide passenger air transportation. The Company's common shares are listed on The Toronto Stock Exchange - trading symbols AC and AC.A, and on the Nasdaq National Market - trading symbol ACNAF. ots Original Text Service: Air Canada Internet: http://recherche.newsaktuell.de Contact: Nicole Couture-Simard, (Montreal), +1 514 422-5788; Laura Cooke, (Toronto), +1 416 263-5576; Angela Mah, (Vancouver), +1 604 643-5660; Internet: www.aircanada.ca Original-Content von: Air Canada, übermittelt durch news aktuell

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