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Chorus Announces the Completion of the Redemption of its Remaining 6.00% Convertible Senior Unsecured Debentures due June 30, 2026
Chorus Announces the Completion of the Redemption of its Remaining 6.00% Convertible Senior Unsec...
About this update from Chorus Aviation Inc.
[{"type":"text","content":"Chorus Announces the Completion of the Redemption of its Remaining 6.00% Convertible Senior Unsecured Debentures due June 30, 2026\n\n\n\n Chorus Announces the Completion of the Redemption of its Remaining 6.00% Convertible Senior Unsecured Debentures due June 30, 2026\n \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 Canada NewsWire\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n Sept. 30, 2025\n \n\n /CNW/ - Chorus Aviation Inc. (TSX: CHR) (\"\n \n Chorus\n \n \") announced today that it has completed the redemption of its remaining 6.00% convertible senior unsecured debentures due\n \n June 30, 2026\n \n (the \"\n \n Debentures\n \n \") on\n \n September 30, 2025\n \n (the \"\n \n Redemption Date\n \n \").\n \n\n On\n \n August 5, 2025\n \n , Chorus issued a notice of redemption to the holders of the Debentures to redeem the remaining issued and outstanding Debentures at a redemption price equal to their principal amount, plus accrued and unpaid interest thereon up to, but excluding, the Redemption Date. Holders of the Debentures had the option to convert such Debentures into Class A Variable Voting Shares or Class B Voting Shares of Chorus (\"\n \n Shares\n \n \") in accordance with the terms of the governing indenture by submitting a conversion notice and all necessary documentation on or before\n \n September 8, 2025\n \n . None of the Debentures were converted into Shares.\n \n\n On the Redemption Date, holders of the Debentures received\n \n $1,015\n \n for each\n \n $1,000\n \n principal amount of Debentures, representing their principal amount, plus all accrued and unpaid interest thereon to but excluding the Redemption Date. Chorus redeemed Debentures in the principal amount of\n \n $28,727,000\n \n .\n \n\n As a result of the redemption, the Debentures, which traded on the Toronto Stock Exchange (\"\n \n TSX\n \n \") under the symbol \"CHR.DB.B\", ceased trading and have been delisted from the TSX.\n \n\n\n About Chorus Aviation Inc.\n \n\n\n Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest ...