Algoma Central Upsizes Convertible Debenture Offering to $70M
Algoma Central increased its bought deal to $70 million of 6.20% convertible debentures, including a $10.5 million over-allotment, and a concurrent $20 million private placement to E—L. The debentures mature Dec. 31, 2031, with a $46.95 conversion price; closing is expected around Nov. 4, 2026, subject to approvals.