SOURCE: Nav Canada

NAV CANADA

November 01, 2016 16:00 ET

NAV CANADA gives notice to redeem $100 Million of its 5.304% notes due April 17, 2019

OTTAWA, ON--(Marketwired - November 01, 2016) - NAV CANADA today has given notice that it will redeem on a pro rata basis, $100,000,000 of its outstanding $350,000,000 aggregate principal amount of 5.304% general obligation notes, Series MTN 2009-1 due April 17, 2019 (CUSIP 62895ZAJ9) (the "Notes").

The Notes will be redeemed on December 16, 2016. The redemption price, calculated according to the terms of the issue, will be $1,095.18 per $1,000 of principal amount of the Notes, plus accrued and unpaid interest up to but excluding the redemption date of $8.7189041 per $1,000 of principal amount of the Notes. The redemption will be financed out of proceeds from the maturity of restructured ABCP investments along with general corporate funds of NAV CANADA.

NAV CANADA is the country's private sector civil air navigation services provider. With operations from coast to coast to coast, NAV CANADA provides air traffic control, flight information, weather briefings, aeronautical information services, airport advisory services and electronic aids to navigation.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

This press release contains certain forward-looking statements that are subject to important risks and uncertainties. Actual results may differ materially from the results indicated in these statements for a number of reasons. NAV CANADA disclaims any intention to update any forward-looking statements.

Contact Information

  • For further information, please contact:
    Michelle Bishop
    Director, Government and Public Affairs
    (613) 563-7520
    Media Information Line: 1-888-562-8226