Aimia Inc T.AIM

Alternate Symbol(s): T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Chemicals Specialty Chemicals

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.

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Aimia Inc

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Comment by borne2runon May 29, 2018 6:09pm

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Post# 28096081

RE:Is a share buyback even an option?

Buying back shares is NOT an option. Priorities are:
1. Debt repayment - notes due in 1 year plus ongoing reductions to the revolver (from cash flow), as per the recent agreement.
2. Reinstatement of preferred dividends - cumulative arrears will be approaching $30 million at the end of 2018.

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