Business
LFL, Canada's Largest Home Furnishings Retailer, Announces Redemption and Delisting of 3% Convertible Unsecured Debentures due March 28, 2023
LFL, Canada's Largest Home Furnishings Retailer, Announces Redemption and Delisting of 3%...
About this update from Leon's Furniture Limited
[{"type":"text","content":"\n \n \n \n LFL, Canada's Largest Home Furnishings Retailer, Announces Redemption and Delisting of 3% Convertible Unsecured Debentures due March 28, 2023\n \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 Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 4, 2021\n \n /CNW/ - Leon's Furniture Limited (\"\n \n LFL\n \n \" or the \"\n \n Company\n \n \") (TSX: LNF), today announced that pursuant to a Redemption Notice sent to holders in\n \n January 2021\n \n , as of\n \n February 26, 2021\n \n , it will be redeeming its 3% Convertible Unsecured Debentures due\n \n March 28, 2023\n \n , and will pay such debenture holders\n \n $1,000\n \n for each\n \n $1,000\n \n principal amount of the debentures plus all accrued and unpaid interest thereon to, but excluding,\n \n February 26\n \n , 2021.  In conjunction with the redemption of these debentures, LFL has also requested that the debentures be delisted from the Toronto Stock Exchange following\n \n February 26\n \n , 2021.\n \n \n \n About Leon's Furniture Limited\n \n \n \n Leon's Furniture Limited is the largest retailer of furniture, appliances and electronics in\n \n Canada\n \n . Our retail banners include: Leon's; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick's Midnorthern Appliance banner alongside with Leon's Appliance Canada banner, this makes the Company the country's largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 305 retail stores from coast to coast in\n \n Canada\n \n under various banners. The Company operates three websites:\n \n leons.ca\n \n ,\n \n thebrick.com\n \n and\n \n furniture.ca\n \n .\n \n \n \n Cautionary Statement\n \n \n \n This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Leon's Furniture Limited's periodic reports including the annual report or in the filings mad...