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Transat A.T. closes US$55.25 million bought deal equity issue

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Transat A.T. Inc.

On September 30, 2009, Transat A.T. Inc. (TSX: TRZ.A, TRZ.B) announced that it had closed its previously announced bought deal public offering of Class A variable voting shares and/or Class B voting shares purchased by a syndicate of underwriters led by National Bank Financial Inc. The offering resulted in a total of 4,250,000 shares being issued from treasury by Transat for gross proceeds of $55,250,000. The underwriters have an over-allotment option which, if exercised in full, will result in total gross proceeds to Transat of $63,537,500. The net proceeds of the offering will be used by Transat for general corporate purposes, including working capital, capital expenditures and possible future acquisitions. Transat is an integrated international tour operator with more than 60 destination countries and that distributes products in over 50 countries. Fasken Martineau advised Transat in this transaction with a team led by Robert Paré and that included, among others, Jean-Pierre Chamberland, Marie-Josée Neveu, Gabriel Castiglio, Bradley Massi and Nicolas Morin.



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