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BRIEF-CAE Inc To Issue $550 Mln Of Senior Unsecured Notes In Private Placement

Published 2018-12-21, 06:04 a/m
© Reuters.  BRIEF-CAE Inc To Issue $550 Mln Of Senior Unsecured Notes In Private Placement
CAE
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Dec 21 (Reuters) - CAE Inc CAE.TO :

* CAE TO ISSUE US$550 MILLION OF SENIOR UNSECURED NOTES IN PRIVATE PLACEMENT AND CONCLUDES MONETIZATION OF FUTURE ROYALTY OBLIGATIONS WITH BOMBARDIER

* CAE TO ISSUE US$550 MILLION OF SENIOR UNSECURED NOTES IN PRIVATE PLACEMENT AND CONCLUDES MONETIZATION OF FUTURE ROYALTY OBLIGATIONS WITH BOMBARDIER

* CAE INC - ANNOUNCED CONCLUSION OF ITS PREVIOUSLY DISCLOSED TRANSACTION TO MONETIZE ITS EXISTING FUTURE ROYALTY OBLIGATIONS TO BOMBARDIER

* CAE INC - NOTES WILL BE ISSUED IN SEVERAL US DOLLAR DENOMINATED TRANCHES WITH FIXED INTEREST RATES RANGING FROM 4.45 TO 4.90 PERCENT ANNUALLY

* CAE INC - NOTES HAVE MATURITIES RANGING FROM 10 TO 15 YEARS

* CAE INC - NOTE HOLDERS INCLUDE 19 LARGE INSTITUTIONAL INVESTORS IN UNITED STATES AND CANADA.

* CAE INC - BOMBARDIER DEAL EXPECTED TO CLOSE BY SECOND HALF OF CALENDAR YEAR 2019

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