DBRS Rates Aimia Inc.’s $250 Million Senior Secured Debt Issue at BBB with Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to Aimia Inc.’s (Aimia or the Issuer) $250 million Senior Secured Debt (the Notes) issuance.

The Notes will be direct secured obligations of Aimia and will rank pari passu with all other secured and unsubordinated indebtedness of the Issuer. In the event that the pari passu ranking secured and unsubordinated indebtedness becomes unsecured, the Notes will become direct unsecured obligations and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Issuer.

Proceeds from the offering are expected to be used to refinance Aimia’s existing indebtedness and for other general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Consumer Products Industry, which can be found on our website under Methodologies.