Business
Great Canadian Gaming Announces Closing of $180 Million Bought Deal Offering of 5.25% Senior Unsecured Debentures
Great Canadian Gaming Announces Closing of $180 Million Bought Deal Offering of 5.25% Seni...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Announces Closing of $180 Million Bought Deal Offering of 5.25% Senior Unsecured Debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 2, 2020\n\n\n\nTORONTO, March 2, 2020 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian,\" or the \"Company\") is pleased to announce today that it has closed its previously announced bought deal offering of $180 million aggregate principal amount of senior unsecured debentures (the \"Debentures\") at a price of $1,000 per Debenture (the \"Offering\"). \nThe Debentures bear interest at a rate of 5.25% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2020, and will  mature on December 31, 2026. The Debentures will commence trading today on the Toronto Stock Exchange under the symbol \"GC.DB\".\nA syndicate co-led by CIBC Capital Markets, Scotiabank, BMO Capital Markets, and RBC Capital Markets and including National Bank Financial Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp. Industrial Alliance Securities Inc., Cormark Securities Inc. and HSBC Securities (Canada) Inc. (collectively, the \"Underwriters\") acted as underwriters for the Offering. Great Canadian has granted the Underwriters an option to purchase up to an additional $27 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following the closing of the Offering.\nThe Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. \nABOUT GREAT CANADIAN GAMING CORPORATION \nFounded in 1982, Great Canadian Gamin...