Air Canada is looking to raise about $1.4 billion in additional liquidity as the carrier released pricing details of its previously announced share and convertible note offering. The Canadian carrier is planning to issue 30.8 million shares priced at $16.25 each raising a total of $500.5 million. Air Canada will also issue US$650 million in convertible senior unsecured notes due in 2025, up from an initial plan for US$400 million. The convertible notes will have an annual interest rate of four per cent and be convertible into Air Canada shares at a price of about US$15.35 per share. The offerings are expected to close
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