Air Canada has completed the closing of $2.15bn senior secured credit facilities, comprised of a $1.175bn term loan B (maturing in 2031) and a $975 million revolving credit facility (maturing in 2029).
The aggregate gross proceeds of the term loan, together with cash from the carrier’s balance sheet of $1.09bn, will be used to refinance the entirety of Air Canada’s indebtedness outstanding under its existing $2.265bn term loan B maturing in 2028.
Concurrently with the closing of the senior credit facilities, Air Canada also terminated its undrawn C$200 million ($147 million) revolving credit facility maturing in 2026.
Air Canada completes closing of $2.15bn senior secured credit facilities
