Business
Premium Brands Holdings Corporation Announces Completion of $600 million Equity and Convertible Debenture Offerings
Premium Brands Holdings Corporation Announces Completion of $600 million Equity and Convertible D...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"\n\n\nPremium Brands Holdings Corporation Announces Completion of $600 million Equity and Convertible Debenture Offerings\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\nVANCOUVER, BC, Dec. 17, 2025 /CNW/ - Premium Brands Holdings Corporation (\"Premium Brands\" or the \"Company\") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful closing of the issue and sale of: (i) 2,872,400 subscription receipts (the \"Public Subscription Receipts\") at a price of $97.50 per Public Subscription Receipt, for gross proceeds of approximately $280 million; (ii) $150 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the \"Debentures\" and, collectively with the Public Subscription Receipts, the \"Public Securities\", and the issue and sale of the Public Securities, the \"Public Offering\") at a price of $1,000 per Debenture, for gross proceeds of $150 million; and (iii) an aggregate of 1,743,600 subscription receipts (the \"Placement Subscription Receipts\" and, together with the Public Subscription Receipts, the \"Subscription Receipts\") to Alberta Investment Management Corporation and Jarislowsky Fraser Global Investment Management, a division of 1832 Asset Management L.P., on a private placement basis, at a price of $97.50 per Placement Subscription Receipt, for gross proceeds of approximately $170 million (the \"Concurrent Private Placement\" and, together with the Public Offering, the \"Offering\"), for aggregate gross proceeds in respect of the Offering of approximately $600 million.\nThe Public Subscription Receipts were offered to the public through a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd. and Scotiabank, and included Cormark Securities Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., TD Securit...