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AIMIA Inc. launches issuer bid on its preferred shares in consideration of notes

Date Closed

January 14, 2025

Lead Office

Montréal

Value

165.00 Million CAD

On January 14, 2024, Aimia Inc. ("AIMIA") offered to purchase and cancel its Series 1, Series 3, and Series 4 preferred shares, providing shareholders the option to exchange them for 9.75% senior unsecured notes maturing in 2030 as part of a strategic recapitalization initiative. This move aims to enhance liquidity, yield, and shareholder value, with the potential for significant cost savings and a more efficient capital structure for the company.

AIMIA, headquartered in Montreal, Quebec, Canada, is an investment holding company that focuses on long-term investments in public and private companies globally.

McCarthy Tétrault advised AIMIA with a team led by Hadrien Montagne and Vincent Laurin, that included Lama Kahiel, Thierry Côté, Annie Poirier-Simard (Business); Marjolaine Hémond Hotte, Ailbish Bruchet and Angela Oh (Financial Services).

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