Cargojet has closed its previously announced offering of C$115 million aggregate principal amount of 4.65% convertible unsecured subordinated debentures due December 31, 2021 at a price of C$1,000 per Debenture. Cargojet is pleased to announce that the syndicate of underwriters led by RBC Capital Markets and National Bank Financial has exercised its over-allotment option in full to purchase an additional C$10 million aggregate principal amount of Debentures for aggregate gross proceeds to Cargojet from the Offering of C$125 million.

Update: In November 2019 Cargojet announced that it will redeem the outstanding amount of the notes on 31 December 2019.