Aimia Inc. announces closing of offering

MONTREAL, May 17, 2012 /CNW Telbec/ – Aimia Inc. (“Aimia”) announced
today the successful closing of the previously announced public
offering of $250,000,000 aggregate principal amount of 5.60% Senior
Secured Notes Series 4 maturing on May 17, 2019 (the “Notes”).

The net proceeds from the offering will be used by Aimia to repay the
amount outstanding under Aimia’s $200 million secured revolving credit
facility with a term maturing on April 13, 2013, and the remainder for
general corporate purposes.

The offering of the Notes was made through an underwriting syndicate led
by CIBC World Markets Inc., RBC Dominion Securities Inc. and TD
Securities Inc.


About Aimia

Aimia, is a global leader in loyalty management. Aimia’s unique
capabilities include proven expertise in delivering proprietary loyalty
services, launching and managing coalition loyalty programs, creating
value through loyalty analytics and driving innovation in the emerging
digital and mobile spaces. Aimia owns and operates Aeroplan, Canada’s
premier coalition loyalty program and Nectar, the United Kingdom’s
largest coalition loyalty program. In addition, Aimia has majority
equity positions in Air Miles Middle East and Nectar Italia as well as
a minority position in Club Premier, Mexico’s leading coalition loyalty
program and Cardlytics, a US-based private company operating in
merchant-funded transaction-driven marketing for electronic banking.

Aimia is a Canadian public company listed on the Toronto Stock Exchange
(TSX: AIM) and has over 3,400 employees in more than 20 countries
around the world. For more information about Aimia, please visit

Caution Concerning Forward-Looking Statements

Forward-looking statements are included in this news release. These
forward-looking statements are identified by the use of terms and
phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”,
“intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and
similar terms and phrases, including references to assumptions. Such
statements may involve but are not limited to comments with respect to
strategies, expectations, planned operations or future actions.

Forward-looking statements, by their nature, are based on assumptions
and are subject to important risks and uncertainties. Any forecasts or
forward-looking predictions or statements cannot be relied upon due to,
among other things, changing external events and general uncertainties
of the business and its corporate structure. Results indicated in
forward-looking statements may differ materially from actual results
for a number of reasons, including without limitation, dependency on
top accumulation partners and clients, conflicts of interest, greater
than expected redemptions for rewards, regulatory matters, retail
market/economic conditions, industry competition, Air Canada liquidity
issues, Air Canada or travel industry disruptions, airline industry
changes and increased airline costs, supply and capacity costs,
unfunded future redemption costs, failure to safeguard databases and
consumer privacy, changes to coalition loyalty programs, seasonal
nature of the business, other factors and prior performance, foreign
operations, legal proceedings, reliance on key personnel, labour
relations, pension liability, technological disruptions and inability
to use third party software, failure to protect intellectual property
rights, interest rate and currency fluctuations, leverage and
restrictive covenants in current and future indebtedness, uncertainty
of dividend payments, managing growth, credit ratings, as well as the
other factors identified in this news release and
throughout Aimia’s public disclosure record on file with the Canadian
securities regulatory authorities. The forward-looking statements
contained herein represent Aimia’s expectations as of May 17, 2012, and
are subject to change after such date. However, Aimia disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities regulations.

The Notes have not been, nor will be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws and
may not be offered or sold in the United States or to U.S. persons
absent registration or applicable exemption from the registration
requirement of such Act and applicable state securities laws.  This
news release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to qualification under the securities laws of any such



JoAnne Hayes

Trish Moran

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