CPA - Copa Holdings to redeem outstanding convertible notes due 2025

2023-07-14 08:50:58 ET

• Passenger and cargo services provider Copa Holdings ( NYSE: CPA ) said on Friday that it will redeem all of its outstanding 4.50% convertible senior notes due 2025.
• The redemption will be made on Sep. 18 at a price equal to 100% of the principal amount plus accrued and unpaid interest.
• The accrued and unpaid interest will be up to, but excluding, the redemption date.
• As of July 13, $350M of aggregate principal amount of the notes were outstanding.
• The notes may be converted any time before 5:00 PM Sep. 15.
• CPA shares were trading -1.69% pre-market.
• Source: Press Release

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