Chorus Aviation Inc. announced that it has entered into an agreement for a three-year committed operating credit facility with The Bank of Nova Scotia as lender, sole lead arranger, bookrunner, administrative agent and issuing bank, and the Canadian Imperial Bank of Commerce ("CIBC") and the Bank of Montreal as lenders. The New Facility replaces Chorus' credit facility under the second amended and restated credit agreement dated June 28, 2019 (as amended) which provided a $75 million committed limit and was scheduled to mature in August 2022. The New Facility provides Chorus and certain designated subsidiaries including Chorus Aviation Capital Corp., Jazz Aviation LP and Voyageur Aviation Corp. with a committed limit of up to $75 million, subject to a borrowing base calculation, plus a $25 million uncommitted accordion. The New Facility is secured by all present and after-acquired personal property of the Credit Parties, excluding certain specified assets which include aircraft and engines and the equity securities of Chorus Aviation Capital Corp. and its subsidiaries. It contains customary representations, warranties and covenants, including a covenant to maintain a minimum consolidated interest coverage ratio.