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Cargojet Announces $600 Million Revolving Credit Facility
Cargojet Announces $600 Million Revolving Credit Facility Canada NewsWire MISSIS...
About this update from Cargojet Inc.
[{"type":"text","content":"\n\n\n\nCargojet Announces $600 Million Revolving Credit Facility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, July 20, 2020\n\n\n\nMISSISSAUGA, ON, July 20, 2020 /CNW/ - Cargojet Inc. (\"Cargojet\" or the \"Corporation\") (TSX: CJT) is pleased to announce that it has amended its syndicated committed revolving credit facility in order to, among other things, increase the revolving credit limit from $510 to $600 million and to extend the maturity date to July 16, 2025.  \nThe credit facility is co-led by Royal Bank of Canada, CIBC and Bank of Nova Scotia. Other lenders include National Bank, Bank of Montreal, Laurentian Bank of Canada and ATB Financial. \nCargojet is Canada's leading provider of time-sensitive overnight air cargo services and carries over 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft. \nNotice on Forward-Looking Statements: \nCertain statements contained herein constitute \"forward-looking statements\". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as \"plans,\" \"intends,\" \"anticipates,\"  \"should,\" \"estimates,\" \"expects,\" \"believes,\" \"indicates,\" \"targeting,\" \"suggests\" and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the Corporation's public filings available at www.sedar.com and at www.cargojet.com, including its most recent Annual Information Form filed with the Canadian securities regulators, its most recent Annual Consolidated Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), and it's most recent final short form prospectus for a summary of material risks. These risks are not intended to represent a complete list of the risks that could affect the Corporation; however, these r...