Cargojet Redeems Outstanding 5.5% Convertible Debentures

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Cargojet Redeems Outstanding 5.5% Convertible Debentures

Canada NewsWire

MISSISSAUGA, ON, July 5, 2017 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT, CJT.A) announced today that it has redeemed the aggregate principal amount of all of its outstanding 5.5% convertible unsecured debentures due June 30, 2019 (the "Debentures"), being $1,359,000. An aggregate of 30,788 common voting shares were issued in respect of the redemption, such number having been determined pursuant to the indenture governing the Debentures by dividing the redemption price of $1,359,000 by 95% of the then current market price of the common voting shares (calculated based on the 20 consecutive trading days ending five trading days before the redemption date), such current market price being $46.47. The Corporation paid all accrued and unpaid interest up to, but excluding, the redemption date, in cash.  

Cargojet is Canada's leading provider of time sensitive overnight air cargo services and carries over 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft.

SOURCE Cargojet Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2017/05/c2962.html

Copyright CNW Group 2017

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).