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AGI Announces Full Exercise of Over-Allotment Option in Connection with the Public Offering of Senior Subordinated Unsecured Debentures
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Ag Growth International Inc.
[{"type":"text","content":"AGI Announces Full Exercise of Over-Allotment Option in Connection with the Public Offering of Senior Subordinated Unsecured Debentures\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Ag Growth International Inc. (TSX: AFN) (\"AGI\" or the \"Company\") is pleased to announce the full exercise of the over-allotment option on its offering of convertible unsecured subordinated debentures (the \"Debentures\"), resulting in the issuance of an additional $12.75 million aggregate principal amount of Debentures, bringing the total offering to $97.75 million aggregate principal amount of Debentures.\n \n\n The Debentures will bear interest from the date of issue at 7.50% per annum, payable semi-annually in arrears on June 30 and December 31 each year, commencing December 31, 2025. The Debentures will have a maturity date of June 30, 2030, and are listed for trading on the Toronto Stock Exchange under the symbol \"AFN.DB.K\".\n \n\n The net proceeds of the offering are expected to be used to repay indebtedness under the Company’s senior operating credit lines, which will then be available to be redrawn for general corporate purposes.\n \n\n A syndicate led by CIBC Capital Markets and including National Bank Financial, TD Securities Inc., Scotia Capital Inc., ATB Securities Inc., BMO Capital Markets, RBC Capital Markets, Desjardins Capital Markets, Raymond James, and Cormark Securities Inc. (collectively, the \"Underwriters\") acted as underwriters for the offering.\n \n\n\n AGI Company Profile\n \n\n AGI is a provider of the physical equipment and digital technology solutions required to support global food infrastructure including grain, fertilizer, seed, feed, and food processing systems. AGI has manufacturing facilities in Canada, the United States, the United Kingdom, Brazil, India, France, and Italy and distributes its product globally.\n \n\n This press release is not an offer of Debentures for sale in the United States. The Debentures may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. The Company has not registered and will not register ...