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Prospect News home > News index > List of issuers W > Headlines for WestJet Loyalty LP > News item
Published on 1/23/2024 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

WestJet telegraphs $500 million unspecified secured debt sale

By Paul A. Harris

Portland, Ore., Jan. 23 – WestJet Loyalty LP will use proceeds from the placement of $500 million of secured debt as part of a bank loan refinancing currently in the market, source say.

The financing includes a $1 billion term loan B set to launch on a Wednesday lender call via left lead Barclays.

The Calgary, Alta.-based airline plans to use the proceeds to partially repay its term loan B due 2026.


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