On May 17, 2012, Aimia Inc. (Aimia), a global leader in loyalty management, completed the offering of $250 million aggregate principal amount of 5.60% Senior Secured Notes Series 4 due 2019 (the “Notes”). The offering of the Notes was made through an underwriting syndicate led by CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Aimia intends to use the net proceeds of the offering to repay the amount outstanding under its $200 million secured revolving credit facility with a term maturing on April 13, 2013, and the remainder for general corporate purposes.
Norton Rose Canada LLP represented Aimia with a team led by Stephen J. Kelly (Securities and Corporate), assisted by David Millette, Emmanuel Grondin and Marie-Claude Savard (Securities and Corporate), as well as Michèle Friel (Banking).