April 23, 2009 04:54 ET

Groupe Aeroplan Inc. Announces Closing of Offering of 9% Senior Secured Notes Series 1 due 2012

    MONTREAL, April 23  - Groupe Aeroplan Inc. (the
"Corporation") announced today the successful closing of the public offering
of $175 million aggregate principal amount of 9% Senior Secured Notes Series 1
maturing on April 23, 2012 (the "Notes").
    The offering of the Notes was made through an underwriting syndicate led
by TD Securities Inc. and RBC Dominion Securities Inc. and includes CIBC World
Market Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Desjardins
Securities Inc., HSBC Securities (Canada) Inc. and Merrill Lynch Canada Inc.
    Net proceeds from the offering have been used to prepay a portion of the
amended and restated bridge facility of the Corporation entered into on June
25, 2008 and which matures (prior to the exercise of any extension options) on
June 19, 2009.

    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 worldwide
services to retailers and their suppliers.
    For more information about Groupe Aeroplan, please visit

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