Algoma Central Announces Convertible Debenture Offering
Algoma Central announced an agreement to sell 6.20% convertible unsecured subordinated debentures on a bought-deal basis.
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08:34:17 PM UTC
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Algoma Central Corporation agreed to a $50.0M bought deal of 6.20% convertible debentures plus a $12.5M concurrent private placement, with a $7.5M over-allotment option. Debentures mature Dec 31, 2031 and convert at $46.95 per share.Material DetailsContext by AI AnalystThis is a capital raise suppo…
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESST. CATHARINES, ONTARIO, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Algoma Central Corporation (“Algoma”) TSX:ALC announced today that it has entered into an agreement to sell, on a bought deal basis to a syndicate of u…