Chorus Aviation has entered into a three-year committed operating credit facility with CIBC and The Bank of Nova Scotia (Scotiabank). CIBC is the lead arranger and administrative agent under the facility. The facility provides Chorus and certain designated subsidiaries with a committed limit of up to $50 million and the opportunity to borrow up to a further $25 million on a demand basis, subject in each case to a borrowing base calculation based principally on the value of eligible accounts receivable, inventory and equipment. This facility replaces $40 million in demand operating credit facilities previously held by Chorus and certain
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.