Our Toronto and Ottawa offices acted as legal advisors to Ottawa Macdonald-Cartier International Airport Authority (OMCIAA) in connection with the consent solicitation and offering of C$100m 2.698% revenue bonds, series F, due May 5, 2031, under OMCIAA’s unsecured note program. The series F revenue bonds will be used to fund the reserve funds, repay indebtedness under credit facilities, finance capital expenditures and for general corporate purposes. 

The success of this offering provides the OMCIAA with financial sustainability, and will allow the OMCIAA to resume its role as an economic generator in Canada’s Capital Region when recovery from the COVID-19 pandemic begins.

 

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