Chorus Aviation closes three-year committed operating credit facility

Chorus Aviation has entered into an agreement for a three-year committed operating credit facility with The Bank of Nova Scotia (Scotiabank) as lender, sole lead arranger, bookrunner, administrative agent and issuing bank, and the Canadian Imperial Bank of Commerce (CIBC) and the Bank of Montreal as lenders. The new facility replaces Chorus’ credit facility under the second amended and restated credit agreement dated June 28, 2019 (as amended) which provided a $75 million committed limit and was scheduled to mature in August 2022. The new facility provides Chorus and certain designated subsidiaries including Chorus Aviation Capital, Jazz Aviation and Voyageur