Air Canada T.AC

RE:RE:For the integrity of this board, Some Factual numbers. :))))

[JuIieRichards]

 

TradeForex wrote:

JuIieRichards wrote: $1090 MILLION USD from cash used to reduce debt. The overall details are here:Pays down nearly U.S.$1.1 billion of senior secured indebtedness

Refinances remaining outstanding amount and strengthens revolving credit facility.

MONTREAL, March 21, 2024 /CNW/ - Air Canada announced today that it has completed the closing of U.S.$2.15 billion senior secured credit facilities, comprised of (i) a U.S.$1.175 billion term loan B maturing in 2031 (the "Term Loan") and (ii) a U.S.$975 million revolving credit facility maturing in 2029 (the "Revolving Facility" and, together with the "Term Loan", the "Senior Credit Facilities"). The aggregate gross proceeds of the Term Loan, together with cash from Air Canada balance sheet of U.S.$1.09 billion, are being applied to refinance all of Air Canada's indebtedness outstanding under its existing U.S.$2.265 billion term loan B maturing in 2028. The Revolving Facility, which is the result of an upsize and extension of Air Canada's existing U.S.$600 million revolving credit facility previously maturing in 2025, is undrawn as of the date hereof, and any future borrowings thereunder would be intended to fund working capital and other general corporate purposes of Air Canada and its subsidiaries. Concurrently with the closing of the Senior Credit Facilities, Air Canada also terminated its undrawn C$200 million revolving credit facility maturing in 2026.

Just waiting to hear from the TROLLS and BOTS why this debt reduction will crash the stock price and bankrupt the company.

cuz you know having almost $ 8000 Million in cash reserves may not be enough. The trolls are the ones who flunked grade 2 and hung around smoking pot.. brain dead