Cargojet completes redemption of $115M in debentures

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 proceeds from the earlier issuance of 4.599% senior unsecured notes that closed on June 30, 2025.
• All accrued and unpaid interest up to the redemption date was also paid, fully extinguishing the outstanding debenture obligation.

Key Details

• Outstanding Debt Redeemed: $115 million aggregate principal amount of 5.25% senior unsecured hybrid debentures due June 30, 2026.
• Redemption Date: Effective as of the redemption date (cash paid up to but excluding that date).
• Funding Source: Portion of cash proceeds from Cargojet’s 4.599% senior unsecured notes offering, which closed on June 30, 2025.
• Interest Paid: All accrued and unpaid interest through 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.)