Air Canada Issues $250M Senior Debentures

On February 27, 2001, Air Canada, through a large group of underwriters co-led by National Bank Financial Inc. and Merrill Lynch Canada Inc., completed an offering of $250 million aggregate principal amount of nine per cent senior debentures due 2006. Air Canada filed a prospectus with securities regulatory authorities in all provinces of Canada.

Stikeman Elliott acted as legal counsel to Air Canada with a team that included Jean Marc Huot, Louis Morisset and Philippe DeMontigny. Ogilvy Renault acted as legal counsel to the underwriters with a team that included Lise Bergeron, Clemens Mayr and Natalie Brown.