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Cargojet Redeems Outstanding 5.75% Senior Unsecured Hybrid Debentures due April 30, 2024

Devender Grover by Devender Grover
January 6, 2024
in Airlines
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Cargojet Redeems Outstanding 5.75% Senior Unsecured Hybrid Debentures due April 30, 2024
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Cargojet Inc. has officially redeemed the outstanding $86,250,000 aggregate principal amount on its 5.75% senior unsecured hybrid debentures due April 30, 2024, according to an announcement made on the Redemption Date.

The Corporation fulfilled the redemption by making a cash payment covering the principal amount along with all accrued and unpaid interest up to, but not including, the Redemption Date.

This strategic move by Cargojet Inc. demonstrates its commitment to managing financial obligations and ensuring the sound financial health of the Corporation.Investors and stakeholders can find more information on this development through the official channels of Cargojet Inc.

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Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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