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AIMIA ANNOUNCES RESULTS OF ITS TENDER OFFER TO PURCHASE ITS OUTSTANDING 9.75% SENIOR NOTES
AIMIA ANNOUNCES RESULTS OF ITS TENDER OFFER TO PURCHASE ITS OUTSTANDING 9.75% SENIOR NOTES ...
About this update from Aimia Inc.
AIMIA ANNOUNCES RESULTS OF ITS TENDER OFFER TO PURCHASE ITS OUTSTANDING 9.75% SENIOR NOTES /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire TORONTO, June 29, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) ("the Company") today announced the expiration and results of its previously disclosed tender offer ("Offer") to purchase for cash any and all of its outstanding 9.75% Senior Unsecured Notes ("Senior Notes") with an aggregate principal amount of $142.6 million due in 2030. An aggregate principal amount of $131.4 million of Senior Notes was validly tendered by the expiration date and not withdrawn. Aimia anticipates total cash interest payment savings of approximately $45.3 million had the Senior Notes not been validly tendered and held to maturity.The Offer was made on May 29, 2026 and expired at 5:00 p.m., Toronto time, on June 26, 2026.The Offer was made following the closing of the Company's sale of its specialty chemicals company, which generated net proceeds of $268.4 million. After deploying $131.4 million to repurchase the Senior Notes, Aimia intends to use the remaining net proceeds, approximately $137 million, to make investments in undervalued companies, fund its 2026-2027 normal course issuer bid, and for general working capital purposes.The consideration for each $100 principal amount of Senior Notes accepted for purchase is $100 plus all accrued and unpaid interest to but excluding July 3, 2026.  Payment for the Senior Notes validly tendered will be made by Aimia on the settlement date, which is expected to be on or about July 3, 2026.The $8.2 million aggregate principal amount of Senior Notes not tendered in the Offer will remain outstanding and shall continue to accrue interest in accordance with their terms.About AimiaAimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia's priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies.For mo...