Chorus Aviation to Redeem Remaining Convertible Debentures

Chorus Aviation ( (TSE:CHR) ) has provided an update.

Chorus Aviation Inc. has announced its intention to redeem all remaining 6.00% convertible senior unsecured debentures due June 30, 2026, on September 30, 2025. This move involves paying holders approximately $1,015 for each $1,000 principal amount, including accrued interest, and marks a strategic financial decision by Chorus to utilize cash on hand for this redemption. The redemption could potentially impact the company’s financial structure and market positioning, as it aims to streamline its financial obligations.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Spark’s Take on TSE:CHR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CHR is a Neutral.

Chorus Aviation’s stock score is influenced by its strong corporate actions and effective cash flow management. However, persistent profitability challenges and a negative valuation aspect due to ongoing losses weigh on the overall score. Technical indicators suggest potential for recovery, but caution is advised due to mixed signals.

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

More about Chorus Aviation

Chorus Aviation Inc. is a holding company with principal operating subsidiaries including Jazz Aviation, the largest regional operator in Canada providing services under the Air Canada Express brand; Voyageur Aviation, which offers specialty charter, aircraft modifications, parts provisioning, and in-service support; and Cygnet Aviation Academy, an accredited training academy for pilots. Chorus provides a comprehensive range of services across an aircraft’s lifecycle, including contract flying, aircraft refurbishment, maintenance, leasing, and pilot training.

Average Trading Volume: 42,880

Technical Sentiment Signal: Buy

Current Market Cap: C$564.1M

For detailed information about CHR stock, go to TipRanks’ Stock Analysis page.