Algoma Central Closes $70 Million Convertible Debenture Financing
Algoma Central closed its previously announced offering of $70 million in 6.20% convertible unsecured subordinated debentures, priced at $1,000 each.
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01:55:39 PM UTC
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Algoma closed $70.0M of 6.20% convertible debentures and a concurrent $20.0M private placement on the same terms. Proceeds are intended for newbuild investment, M&A and general corporate purposes; no prior-period comparison was provided.Material DetailsContext by AI AnalystThis closes a previously…
Algoma Central Corporation (“Algoma”) (TSX:ALC) is pleased to announce that it has closed its previously announced offering of $70,000,000 aggregate principal amount of 6.20% convertible unsecured subordinated debentures (the “Debentures”) at a price of $1,000 per Debenture (the “Public Offering”…