Capital Markets

Chorus Aviation in its $85 million bought deal offering

Chorus Aviation
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Emily Gilmour

Associate, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

 

On September 27, 2021, Chorus Aviation completed its $85 million bought deal offering of 5.75% senior unsecured debentures. The proceeds from the offering will be used to repay existing debt, including its 6.00% senior debentures due December 2024 and its US$100 million revolving facility, as well as for working capital and general corporate purposes.

Headquartered in Halifax, Nova Scotia, Chorus is a global provider of integrated regional aviation solutions.

Osler, Hoskin & Harcourt LLP advised Chorus Aviation with a team consisting of Alex Gorka, Tara Law and Kevin Feng (Corporate), David Davachi and Emily Gilmour (Tax).

Value
$85 million
Date Closed
September 27, 2021
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Emily Gilmour

Associate, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto