NAV CANADA issues General Obligation Notes
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
U.S. WIRE SERVICES
OTTAWA, March 29, 2019 (GLOBE NEWSWIRE) -- NAV CANADA (the Company) announced today that it has completed an issue of $250 million 31.5-year General Obligation Notes (the Notes). The Notes bear interest at the rate of 3.209 per cent per annum.
The proceeds of the Notes will be used to repay the Company's $250 million Series MTN 2009-1 General Obligation Notes which mature on April 17, 2019.
About NAV CANADA
NAV CANADA is a
private, not-for-profit company, established in 1996, providing air traffic
control, airport advisory services, weather briefings and aeronautical
information services for more than 18 million square kilometres of Canadian
domestic and international airspace.
The Company is
internationally recognized for its safety record, and technology
innovation. Air traffic management systems developed by NAV CANADA are used
by air navigation service providers in countries worldwide.
NAV
CANADA is a partner of Aireon LLC, an international joint venture deploying
a space based Automatic Dependent Surveillance-Broadcast (ADS-B) system
that will expand air traffic surveillance to all regions of the globe.
For further information, please contact:
Ron Singer
National Manager, Media Relations
(613) 563-7303
Media Information Line: 1-888-562-8226
This news release does not constitute an offer to sell the Notes in the United States. The Notes have not been and will not be registered under U.S. securities laws and may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from such registration.
