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Premium Brands Holdings Corporation Announces the Closing of the Over-Allotment Options Exercised in Connection with its Recently Completed $600 million Equity and Convertible Debenture Offerings
Premium Brands Holdings Corporation Announces the Closing of the Over-Allotment Options Exercised...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"Premium Brands Holdings Corporation Announces the Closing of the Over-Allotment Options Exercised in Connection with its Recently Completed $600 million Equity and Convertible Debenture Offerings\n\n\nPremium Brands Holdings Corporation Announces the Closing of the Over-Allotment Options Exercised in Connection with its Recently Completed $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. 19, 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) an additional 430,860 subscription receipts (the \"Over-Allotment Subscription Receipts\"), for additional gross proceeds of approximately $42 million, and (ii) an additional $22.5 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the \"Over-Allotment Debentures\"), pursuant to the exercise in full of the over-allotment options (the \"Over-Allotment Options\") granted to the syndicate of underwriters in respect of the Company's recently completed $600 million equity and convertible debenture offerings (the \"Offering\"), led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd. and Scotiabank. The full exercise of the Over-Allotment Options increased the total gross proceeds of the Offering to approximately $665 million.\nThe net proceeds from the issue and sale of the Over-Allotment Subscription Receipts will be held in escrow pending closing of the Company's previously announced indirect acquisition of all of the issued and outstanding shares of Stampede Culinary Partners, Inc. (the \"Acquisition\"). Following release of the proceeds from escrow, the Company will use the net proceeds to finance, in part, the Acquisition, as well as the ...