Cargojet Launches $250 Million Investment Grade Notes Offering

Cargojet ( (TSE:CJT) ) has provided an announcement.

Cargojet Inc. has announced the pricing of a $250 million offering of 4.599% senior unsecured notes due in 2030, with the proceeds intended to redeem existing debentures, repay credit facilities, and support general corporate purposes. This move is part of Cargojet’s strategy to strengthen its financial position by reducing costs and increasing flexibility, as the notes carry no financial or maintenance covenants and are rated BBB (low) by Morningstar DBRS. The offering, led by Scotia Capital Inc. and RBC Capital Markets, is expected to close by June 30, 2025, and will be conducted privately in Canada, targeting accredited investors.

The most recent analyst rating on (TSE:CJT) stock is a Hold with a C$120.00 price target. To see the full list of analyst forecasts on Cargojet stock, see the TSE:CJT Stock Forecast page.

Spark’s Take on TSE:CJT Stock

According to Spark, TipRanks’ AI Analyst, TSE:CJT is a Outperform.

Cargojet’s overall score reflects strong earnings growth and operational efficiency, supported by a low P/E ratio and positive corporate developments. Key risks include rising leverage and negative free cash flow, which could affect long-term stability if not addressed.

To see Spark’s full report on TSE:CJT stock, click here.

More about Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services, operating a network with its own fleet of 41 cargo aircraft. The company offers dedicated, ACMI, and international charter services, transporting over 25,000,000 pounds of cargo weekly across major North American cities.

Average Trading Volume: 84,151

Technical Sentiment Signal: Sell

Current Market Cap: C$1.45B

For an in-depth examination of CJT stock, go to TipRanks’ Overview page.