11:39:44 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Chorus Aviation Inc
Symbol CHR
Shares Issued 159,928,315
Close 2019-12-04 C$ 8.00
Market Cap C$ 1,279,426,520
Recent Sedar Documents

Chorus Aviation's 5.75% debentures to trade on TSX

2019-12-04 20:13 ET - Prospectus Approved

The Toronto Stock Exchange reports that Chorus Aviation Inc.'s 5.75 per cent senior unsecured debentures will be listed at 5:01 p.m. on Dec. 5, 2019, for trading at the open on Dec. 6, 2019. According to the TSX, the debentures will trade under the symbol CHR.DB.A and Cusip No. 17040T AD 4.

As stated in its short form prospectus dated Nov. 29, 2019, the company will issue $75-million principal amount of debentures, in the minimum principal amount of $1,000 each, in a public offering. It expects to close the offering before the open on Dec. 6, 2019.

According to the TSX, the debentures will mature on Dec. 31, 2024, and will pay interest semi-annually in arrears on June 30 and Dec. 31 in each year at 5.75 per cent per year. Assuming the offering closes on Dec. 6, 2019, the initial interest payment of $32.69 per $1,000 principal amount will be made on June 30, 2020. The TSX reports that the debentures will not be convertible into voting and variable voting shares at the option of the holders at any time.

© 2024 Canjex Publishing Ltd. All rights reserved.