ACE Aviation Holdings, parent of Air Canada, entered into agreements with a group of underwriters to sell an aggregate of roughly 11.4 million Class A and B shares at a price of C$37 ($30) per share for proceeds of C$420 million. ACE also will sell C$300 million of 4.25% convertible senior notes due 2035. The notes will be convertible into shares at an initial conversion price of C$48 per share. ACE said both offerings were increased following strong investor demand. In addition, the ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.