Air Canada has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C$1.25 billion refinancing transaction. As part of its refinancing transaction, Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to a private offering of C$200 million aggregate principal amount of 4.75% senior secured first lien notes due 2023 (the “2016 Senior Notes”), which will be sold at par. Air Canada also received loan commitments for a US$800 million term loan, maturing in 2023, together with a new, undrawn US$300 million
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