NAV CANADA issues General Obligation Notes

29 March 2018

On March 29, 2018, NAV CANADA announced that it had completed an issue of $275 million 30-year General Obligation Notes which bear interest at the rate of 3.293 per cent per annum.

The proceeds of the Notes will be used to repay a portion of NAV CANADA's $350 million Series MTN 2013-1 General Obligation Notes which mature on April 19, 2018.

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.

Gowling WLG advised NAV CANADA with respect to this issuance with a team that included Bryce Kraeker and Radhika Vaidyanathan.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Capital Markets