NAV CANADA issues General Obligation Notes
/“NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES”/
(Ottawa, March 29, 2019) - NAV CANADA (the Company) announced today that it has completed an issue of $250 million 31.5-year General Obligation Notes (the Notes). The Notes bear interest at the rate of 3.209 per cent per annum.
The proceeds of the Notes will be used to repay the Company's $250 million Series MTN 2009-1 General Obligation Notes which mature on April 17, 2019.
About NAV CANADA
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.
The Company is internationally recognized for its safety record, and technology innovation. Air traffic management systems developed by NAV CANADA are used by air navigation service providers in countries worldwide.
NAV CANADA is a partner of Aireon LLC, an international joint venture deploying a space based Automatic Dependent Surveillance-Broadcast (ADS-B) system that will expand air traffic surveillance to all regions of the globe.
For further information, please contact:
National Manager, Media Relations
Media Information Line: 1-888-562-8226
release does not constitute an offer to sell the Notes in the United States.
The Notes have not been and will not be registered under U.S. securities laws
and may not be offered or sold in the United States or to U.S. persons except
pursuant to an exemption from such registration.