Air Canada firms $800 million term loan B at Libor plus 225 bps

By Sara Rosenberg

New York, May 25 – Air Canada finalized pricing on its $800 million term loan B at Libor plus 225 basis points, the low end of the Libor plus 225 bps to 250 bps talk, according to a market source.

As before, the term loan has a 0.75% Libor floor, a par issue price and 101 soft call protection for six months.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan B from Libor plus 275 bps with a 0.75% Libor floor.

Air Canada is a Montreal-based airline company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.