Groupe Aeroplan Receives Repayment of Air Canada Credit Facility

///Groupe Aeroplan Receives Repayment of Air Canada Credit Facility
Groupe Aeroplan Receives Repayment of Air Canada Credit Facility 2017-11-15T20:07:07+00:00

MONTREALAug. 3 /CNW Telbec/ – (TSX:AER) Groupe Aeroplan Inc. today reported that it has received from Air Canada a repayment, in advance of its maturity, of its term loan under which Aeroplan Canada Inc. (“Aeroplan Canada“) advanced to Air Canada the amount of $150 million. The total amount of the repayment received was $156.3 million, representing all amounts outstanding and accrued to the date of repayment that were owed to Aeroplan Canada under the Amended and Restated Credit Agreement, dated July 30, 2009, among Air Canada and certain other parties.

About Groupe Aeroplan Inc.

Groupe Aeroplan Inc., a global leader in loyalty management, owns Aeroplan Canada, Canada’s premier coalition loyalty program, Carlson Marketing, an international loyalty marketing services, engagement and events provider headquartered in the U.S., as well as Nectar, the United Kingdom’s leading coalition loyalty program. In the Gulf Region, Groupe Aeroplan holds a 60% interest in the Air Miles Middle East programs in the United Arab EmiratesQatar and Bahrain. Groupe Aeroplan also operates LMG Insight & Communication, a customer-driven insight and data analytics business offering international services to retailers and their suppliers, and it has a majority 75% ownership position in Nectar Italia, the first independent loyalty coalition program uniting leading retailers in Italy.

For more information about Groupe Aeroplan, please visit www.groupeaeroplan.com.

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Media: Michele Meier, 514-205-7028, michele.meier@groupeaeroplan.com; JoAnne Hayes, 416-352-3706, joanne.hayes@aeroplan.com; Analysts & Investors: Trish Moran, 416-352-3728, trish.moran@groupeaeroplan.com