HALIFAX, Jan. 21, 2019 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that its wholly-owned subsidiary, Chorus Aviation Capital (Ireland) Limited, has secured a US $300 million committed, revolving credit facility to be used to finance future aircraft acquisitions for its regional aircraft leasing business.
Established in 2017, Chorus Aviation Capital currently has relationships with 12 regional airlines based in 12 countries. The company is focused on building a portfolio of new and mid-life regional aircraft, while leveraging the synergies inherent within its sister companies to provide a full suite of regional aviation services.
This news release contains 'forward-looking information'. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "potential", "project", "will", "would", and similar terms and phrases, including references to assumptions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in the forward-looking information. Factors that may cause results to differ from those indicated in this news release include the inability of Chorus' subsidiaries to satisfy the conditions precedent to the use of the facility or comply with the ongoing covenants in the facility. Results indicated in forward-looking information may also differ materially from actual results for a number of reasons, including those described in Chorus' Annual Information Form dated February 14, 2018 and Management's Discussion and Analysis of Results of Operations and Financial Condition dated November 13, 2018. Statements containing forward-looking information in this news release are made as of the date of this news release and Chorus does not undertake any obligation to publicly update such statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.