Chorus Announces the Completion of the Redemption of its Remaining 6.00% Convertible Senior Unsecured Debentures due June 30, 2026

Executive Summary

• Chorus Aviation completed the redemption of its remaining 6.00% convertible senior unsecured debentures due June 30, 2026, totaling $28.727 million principal.
• Each debenture was redeemed at $1,015 per $1,000 principal (principal plus accrued interest), and none were converted into equity.
• The debentures have been delisted from the Toronto Stock Exchange, removing this debt from Chorus’s capital structure.

Key Details

• Redemption notice issued on August 5, 2025; conversion deadline was September 8, 2025 – no holders elected to convert.
• Redemption price: $1,015 per $1,000 principal (principal amount plus accrued and unpaid interest up to but excluding the redemption date).
• Total principal redeemed: $28,727,000.
• The debentures ceased trading under ticker “CHR.DB.B” and were delisted from the TSX on September 30, 2025.
• Impact: elimination of a 6.00% convertible senior unsecured debt obligation maturing June 30, 2026, improving balance‑sheet leverage and reducing interest expense.

Notable Quotes

(No quotes provided in the release.)