Air Canada has completed the repricing of its U.S.$1.1 billion senior secured credit facility, reducing the interest rate by 50 basis points, to an interest rate of 225 basis points over LIBOR (subject to a LIBOR floor of 75 basis points). The credit facility is comprised of a US$800 million term loan maturing in 2023, and a U.S.$300 million revolving credit facility (undrawn) expiring in 2021. The completion of the repricing transaction follows the Moody’s upgrade of Air Canada’s corporate family rating to Ba3 from B1.  Air Canada is currently assigned a BB- (or equivalent) corporate rating from Moody’s, Standard

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