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Stocks in play: Chorus Aviation Inc.

Baystreet.ca
·1 min read

Has entered into an agreement to sell all assets in its RAL segment, including Falko Regional Aircraft Limited and Chorus' equity interests in the aircraft investment funds managed by Falko and its affiliates to affiliates of investment funds managed by HPS Investment Partners, LLC. The aggregate consideration for the Transaction is approximately $1.9 billion, of which $814 million is in the form of cash (net of estimated transaction expenses) and $1.1 billion is in the form of aircraft debt to be assumed or prepaid by the buyers at closing and the value of the non-controlling interest. Chorus Aviation Inc. shares T.CHR are trading up $0.18 at $2.99.

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