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Mullen Group Ltd. Announces the Early Redemption of its 5.75% Convertible Unsecured Subordinated Debentures
OKOTOKS, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. (" Mullen Grou...
About this update from Mullen Group Ltd.
[{"type":"text","content":"Mullen Group Ltd. Announces the Early Redemption of its 5.75% Convertible Unsecured Subordinated Debentures\n\n\n\n OKOTOKS, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. (\"\n \n Mullen Group\n \n \" and/or the \"\n \n Corporation\n \n \") announced today its intention to redeem in full on December 1, 2025 (the \"\n \n Redemption Date\n \n \") all of its outstanding 5.75% convertible unsecured subordinated debentures due November 30, 2026 (\"\n \n Debentures\n \n \") in accordance with the provisions of the indenture dated June 21, 2019 (the \"\n \n Indenture\n \n \") between the Corporation and Computershare Trust Company of Canada (the \"\n \n Trustee\n \n \").\n \n\n The redemption price (the \"\n \n Redemption Price\n \n \") for the Debentures will be 100.0 percent of the aggregate outstanding principal amount of $125.0 million, together with accrued and unpaid interest up to, but excluding, the Redemption Date. In accordance with the Indenture, Mullen Group intends to satisfy its obligation to pay the Redemption Price in cash. Interest upon the entire aggregate principal amount of the Debentures will cease to be payable from and after the Redemption Date.\n \n\n Conversion of Debentures into Mullen Group Common Shares is permitted until 5:00pm MST on November 21, 2025. In the 5 business days preceding the scheduled Redemption Date of December 1, 2025, the Trustee is not required to transfer or exchange any Debentures. The Corporation encourages individual holders of Debentures (\"\n \n Debentureholders\n \n \") to review redemption instructions from their financial institution to ensure a request for conversion, if desired, is submitted in advance of the cutoff time set by the Debentureholder's financial institution. This can be several days in advance of the Redemption Date and is not controlled by the Corporation. No action is required to be taken by Debentureholders who wish to have their Debentures redeemed in cash.\n \n\n The Debentures are listed on the TSX under the symbol \"MTL.DB\".\n \n\n\n About Mullen Group Ltd.\n \n\n\n\n Mullen Group\n \n\n is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehous...