Exchange Income Corporation Announces Closing of $600 Million Offering of Investment Grade Senior Unsecured Notes
· Financial Post
WINNIPEG, Manitoba -- Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, is pleased to announce the successful closing of its previously announced offering (the “Offering”) of $600 million aggregate principal amount of 4.324% senior unsecured notes due March 13, 2031 (the “Notes”). The Notes were offered on a private placement basis in each of the Provinces of Canada in reliance on exemptions from the prospectus requirements under applicable securities laws. The net proceeds from the Offering are expected to be used to repay existing indebtedness under the Corporation’s credit facilities and for general corporate purposes. The Notes have been assigned a final rating of BBB (low), with a stable trend, by Morningstar DBRS. Read More
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