As can be seen from the chart, the stock of Air Canada remains unstable during the five days. on July 23, the stock price was at Can$25.09, and it jumps to Can$25.60 in three days. Air Canada’s stock fluctuated between Can$25.49 and Can$24.93 with enormous changes. Now it is trading at Can$25.42.Air Canada has agreed to acquire US$1.2 billion in 3.875 percent senior secured notes due 2026 and C$2.0 billion in 4.625 percent senior secured notes due 2029 from a syndicate of first purchasers. Lenders have also agreed to contribute US$2.3 billion under a new term loan B expiring in 2028 and US$600 million under a new revolving credit facility maturing in 2025, according to Air Canada.
The whole refinancing deal was increased from the previously disclosed US$5.35 billion aggregate principal amount to US$5.69 billion. Subject to normal closing circumstances, the Senior Secured Notes Offering, and the Senior Secured Credit Facilities are scheduled to close on or about August 11, 2021.