Algoma Central files final prospectus for $90 million convertible debenture offering
Bitget2026/10/30 17:58- Algoma Central files final prospectus for $90 million offering of 6.2% convertible unsecured subordinated debentures.
- The financing comprises a $70 million public offering at $1,000 per debenture and a $20 million private placement with E-L Financial.
- An underwriters’ over-allotment option of $10.5 million could increase total proceeds to $100.5 million.
- Both offerings are expected to close around November 4, 2026, subject to necessary approvals; each closing depends on the other.
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