September 02, 2009 04:37 ET

Groupe Aeroplan Inc. Announces Closing of $150 Million Senior Secured Notes Offering

    MONTREAL, Sept. 2  - Groupe Aeroplan Inc. (the "Corporation")
announced today the successful closing of the public offering of $150 million
aggregate principal amount of 7.90% Senior Secured Notes Series 2 maturing on
September 2, 2014 (the "Notes").
    The offering of the Notes was made through an underwriting syndicate led
by CIBC World Markets Inc. and TD Securities Inc., and including RBC Dominion
Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia
Capital Inc. and Dundee Securities Corporation.
    Net proceeds from the offering will be used as follows: $100,000,000 for
the prepayment of the bank bridge facility entered into on June 12, 2009; 
$25,000,000 for the repayment of a portion of the amount outstanding under the
bank term facility; and the balance for general corporate purposes.

    About Groupe Aeroplan Inc.

    Groupe Aeroplan Inc. is a leading international loyalty management
corporation. Groupe Aeroplan owns Aeroplan, Canada's premier loyalty program
and Nectar, the United Kingdom's leading coalition loyalty program. In the
Gulf Region, Groupe Aeroplan owns 60 per cent of Rewards Management Middle
East, the operator of Air Miles programs in the United Arab Emirates, Qatar
and Bahrain. Groupe Aeroplan also operates LMG Insight & Communication, a
customer-driven insight and data analytics business offering international
services to retailers and their suppliers.
    For more information about Groupe Aeroplan, please visit
    %SEDAR: 00027127EF

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