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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C | T.CHR.DB.A

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.


TSX:CHR - Post by User

Post by maplakon Jan 30, 2023 8:54am
206 Views
Post# 35253595

What that means?

What that means?
Chorus Aviation Extends and Amends Committed Operating Credit Facility 

MIDNIGHTTRADER - Updated 1 hour ago 

07:21 AM EST, 01/30/2023 (MT Newswires) -- Chorus Aviation (CHR.TO) over the weekend said it has amended its existing committed operating credit facility with The Bank of Nova Scotia as lender, sole lead arranger, bookrunner, administrative agent and issuing bank, and the Canadian Imperial Bank of Commerce and the Bank of Montreal as lenders.

The amended facility extends the maturity date of the credit facility for an additional 15 months from Oct. 14, 2024 to Jan. 27, 2026 and adds a $50 million uncommitted accordion feature, the regional aviation company said.

The amended facility provides Chorus and certain subsidiaries including Chorus Aviation Capital Corp., Jazz Aviation LP and Voyageur Aviation Corp. with a committed limit of up to $100 million, subject to a borrowing base calculation, plus a $50 million uncommitted accordion.


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