Ag Growth International updates capital strategy and strategic review

The company said it has secured covenant relief through Q2 2027, identified about $50 million of excess real estate for monetization and expects more than $30 million in annualized cost savings. It also proposed amendments to its $85 million 5.25% senior subordinated debentures, including extending maturity to Dec. 31, 2030 and raising the coupon to 9.00%.