Global Crossing Airlines Group (GlobalX) has announced a US$6.0 million offering of non-convertible debentures. The lead investor is Alterna Capital Partners, through an affiliate of Alterna Core Capital Assets Fund II, L.P., with a US$2.5 million commitment. The investment represents Alterna’s commitment to support GlobalX with its growth strategy and is made in conjunction with various leasing partnerships. Alterna was founded in 2007 and currently manages over US$600 million across two private equity funds, one credit fund and co-investments. The offering will consist of non-convertible debentures and one warrant for every US$1.24 of principal of the debentures for gross proceeds
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