Cargojet Announces Closing of $250 Million Offering of Investment Grade Senior Unsecured Notes

MISSISSAUGA, ON, June 30, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX:CJT.TO) is pleased to announce the successful closing of its previously announced offering (the "Offering") of $250 million aggregate principal amount of 4.599% senior unsecured notes due 2030 (the "Notes"). The net proceeds from the Offering are expected to be used to redeem in full the Corporation's 5.25% listed senior unsecured hybrid debentures due June 30, 2026 prior to the end of 2025, repay indebtedness under Cargojet's credit facilities and for general corporate purposes. The Notes have been assigned a final rating of BBB (low), with a stable trend, by Morningstar DBRS.