Transat applies $30M from engine sale to repay LEEFF debt and redeem preferred shares

* Transat A.T. Inc. (TSX:TRZ:CA [https://seekingalpha.com/symbol/TRZ:CA]) used $30M from an engine sale-leaseback deal to repay debt under Canada’s LEEFF program.
* $16.26M was used to redeem 6.24M Series 4 Preferred Shares held by CEEFC at $2.6053/share.
* $13.74M went toward partial repayment of a $158.7M debenture held by CEEFC.
* Post-transaction, 3.69M Preferred Shares and $145M in debenture principal remain outstanding.
* The $175M credit facility with CEEFC remains unaffected.
* CEEFC will continue to hold the Preferred Shares and Warrants for investment purposes.
* Source: Press release [https://seekingalpha.com/pr/20201819-transat-a-t-inc-announces-redemption-of-series-4-preferred-shares-and-partial-repayment-of]

MORE ON TRANSAT A.T.

* Transat A.T. Inc. (TRZBF) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4794470-transat-a-t-inc-trzbf-q2-2025-earnings-call-transcript]
* Transat GAAP EPS of -C$0.58, revenue of C$1.03B [https://seekingalpha.com/news/4457555-transat-gaap-eps-of-c058-revenue-of-c103b]
* Historical earnings data for Transat A.T. [https://seekingalpha.com/symbol/TRZ:CA/earnings]
* Financial information for Transat A.T. [https://seekingalpha.com/symbol/TRZ:CA/income-statement]