Cargojet Announces $600 Million Revolving Credit Facility

posted on 21st July 2020 by Eddie Saunders
Cargojet Announces $600 Million Revolving Credit Facility

Cargojet Inc. has announced that it has amended its syndicated committed revolving credit facility in order to, among other things, increase the revolving credit limit from $510 to $600 million and to extend the maturity date to July 16, 2025.

The credit facility is co-led by Royal Bank of Canada, CIBC and Bank of Nova Scotia. Other lenders include National Bank, Bank of Montreal, Laurentian Bank of Canada and ATB Financial.

Cargojet is Canada’s leading provider of time-sensitive overnight air cargo services and carries over 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft.