Air Canada prices upsized unsecured notes offering

Air Canada has priced its previously announced private offering of senior unsecured notes. The offering was upsized from the previously announced US$300 million aggregate principal amount as Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to US$400 million of 7.75% senior unsecured notes due 2021. The notes will be sold at par and will provide for interest payable semi-annually. The notes will be senior unsecured obligations of Air Canada, and will be guaranteed on a senior unsecured basis by one of Air Canada’s subsidiaries. The offering of the Notes is expected to close on April