MONTREAL, May 10, 2017 /CNW Telbec/ - Aimia Inc. (TSX: AIM)
(the "Corporation") announced today that it has issued a notice for
the redemption prior to maturity of all of its outstanding
$200,000,000 principal amount of
4.35% Senior Secured Notes Series 5 due January 22, 2018 (CUSIP No. CA00900QAD57) (the
"Series 5 Notes"). The redemption date as set forth in the notice
of redemption is June 9, 2017 (the
"Redemption Date").
The Series 5 Notes will be redeemed at a price equal to the
greater of the Canada Yield Price and the principal amount of the
Series 5 Notes, together in each case with accrued and unpaid
interest up to, but excluding the Redemption Date (in the
aggregate, the "Redemption Price"), as indicated below and in
accordance with the terms of the Series 5 Notes. The Redemption
Price will be calculated by the Corporation and notified to the
Trustee on the business day preceding the Redemption Date.
Pursuant to the terms of the Series 5 Notes, the "Canada Yield
Price" means a price equal to the price of the Series 5 Notes
calculated to provide a yield to maturity equal to the Government
of Canada Yield plus 0.76% on the business day preceding the date
fixed for redemption. The "Government of Canada Yield", on any
date, means the yield to maturity on such date, compounded
semi-annually, which a non-callable Government of Canada bond would carry if issued, in Canadian
dollars in Canada, at 100% of its
principal amount on such date with a term to maturity equal to the
remaining term to maturity of the Series 5 Notes. The Government of
Canada Yield will be the average of the yields determined by two
nationally recognized Canadian investment dealers selected by the
Corporation.
Questions regarding this redemption should be directed to
Stuart MacGregor, Vice-President and
Treasurer of the Corporation, by telephone at 514-205-7046.
About Aimia
Aimia Inc. (TSX: AIM) is a data-driven marketing and loyalty
analytics company. We provide our clients with the customer
insights they need to make smarter business decisions and build
relevant, rewarding and long-term one-to-one relationships,
evolving the value exchange to the mutual benefit of both our
clients and consumers.
With about 2,300 employees across 15 countries, Aimia partners
with groups of companies (coalitions) and individual companies to
help generate, collect and analyze customer data and build
actionable insights.
We do this through our own coalition loyalty programs such as
Aeroplan in Canada, Nectar in the
UK, and Air Miles Middle East, and through provision of loyalty
strategy, program development, implementation and management
services underpinned by leading products and technology platforms
such as the Aimia Loyalty Platform – Enterprise and Aimia Loyalty
Platform – SaaS, and through our analytics and insights business,
including Intelligent Shopper Solutions. In other markets, we own
stakes in loyalty programs, such as Club Premier in Mexico and Think Big, a partnership with Air
Asia and Tune Group. Our clients are diverse, and we have
industry-leading expertise in the fast-moving consumer goods,
retail, financial services, and travel and airline industries
globally to deliver against their unique needs.
For a full list of our partnerships and investments, and more
information about Aimia, visit http://www.aimia.com.
SOURCE AIMIA