Chorus Aviation Inc.

Chorus Aviation in its $115 million bought deal offering and $30 million concurrent private placement

Client

Chorus Aviation Inc.

Value

$145 million

Service

Capital Markets

Date Closed

April 2021

Industry

Transportation & Logistics

Lead Office

Toronto

 

On April 6, 2021, Chorus Aviation completed a $115 million bought deal public offering and concurrent $30 million private placement consisting of common shares, warrants and convertible debentures. The net proceeds of these transactions will be used in part to position Chorus to pursue growth opportunities, including purchasing additional aircraft, and repay indebtedness.

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, Kevin Feng, William Heisey, Adriano Lepore (Corporate) and Greg Wylie (Tax).