Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation & Space partner Hugh Robertson and Global Securities special counsel Kevin MacLeod, acted as New York counsel to J.P. Morgan, Citigroup, Credit Suisse and Morgan Stanley, as initial purchasers, in connection with the offering of 7.750% Senior Notes due 2021 by Air Canada.
Air Canada expects to use the proceeds of the notes for general corporate purposes. The Notes are senior unsecured obligations of Air Canada and are guaranteed on a senior unsecured basis by one of Air Canada's subsidiaries. The notes were offered pursuant to Rule 144A and Regulation S.
Air Canada is Canada’s largest domestic and international airline, serving more than 180 destinations on five continents.
In September 2013, Milbank represented the initial purchasers and lenders in a $1.4 billion refinancing by Air Canada.
Other Milbank attorneys involved in the offering included Global Securities associates Jonathon Jackson and Theo Hart; Transportation & Space partner Dara Panahy and associates David Berkery and Bijan Ganji; Tax partner Andrew Walker and tax associate Joseph Reich; Executive Compensation and Employee Benefits partner Joel Krasnow, and Corporate of counsel Matthew Ahrens and associate Megan Gabriel.
