WestJet Airlines Ltd. (TSX: WJA) has priced an offering of USD400 million aggregate principal amount of 3.50 percent senior unsecured notes due June 16, 2021, the company said.
The offering is expected to close on or about June 16, 2016. WestJet said it intends to use the net proceeds from the offering for general corporate purposes, which includes the purchase of aircraft.
WestJet is a Canada-based airline that offers scheduled service to 101 destinations in North America, Central America, the Caribbean and Europe. Through the company´s regional airline, WestJet Encore, and with partnerships with airlines representing every major region of the world, WestJet offer guests more than 150 destinations in more than 20 countries.