Chorus Aviation Reduces Debt with Completion of Debenture Purchase

Chorus Aviation ( (TSE:CHR) ) has shared an announcement.

Chorus Aviation Inc. has completed its previously announced offers to purchase convertible senior unsecured debentures, purchasing $43.8 million of Series B and $37.8 million of Series C debentures, resulting in a significant reduction of its outstanding debt. This strategic move not only strengthens Chorus’s financial position by reducing its liabilities but also reflects its proactive approach to managing its capital structure, potentially enhancing its appeal to investors and stakeholders.

More about Chorus Aviation

Chorus Aviation Inc. is a Canadian company involved in the aviation sector, primarily focusing on regional aviation and related services. The company is listed on the Toronto Stock Exchange under the symbol CHR.

YTD Price Performance: -9.52%

Average Trading Volume: 447,581

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$544.7M

See more data about CHR stock on TipRanks’ Stock Analysis page.