Cargojet Redeems Outstanding 5.25% Senior Unsecured Hybrid Debentures due June 30, 2026

Executive Summary

• Cargojet Inc. redeemed the full $115 million principal amount of its 5.25% senior unsecured hybrid debentures due June 30, 2026.
• The redemption was funded in cash using a portion of proceeds from the earlier offering of 4.599% senior unsecured notes that closed on June 30, 2025.
• All accrued and unpaid interest up to (but excluding) the redemption date was also paid.

Key Details

• Redemption amount: $115,000,000 aggregate principal.
• Interest rate of redeemed debentures: 5.25% senior unsecured hybrid debentures.
• Maturity of redeemed debentures: June 30, 2026.
• Redemption date: Not explicitly stated; redemption occurred on or before October 9, 2025 (the release date).
• Funding source: Cash proceeds from the offering of 4.599% senior unsecured notes that closed on June 30, 2025.
• Interest paid: All accrued and unpaid interest up to, but excluding, the redemption date was settled in cash.
• Previous announcement: Redemption previously announced on August 27, 2025.

Notable Quotes

(No quotes were provided in the release.)