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Premium Brands Holdings Corporation Announces the Exercise of the Over-Allotment Options in Connection with its Recently Completed $600 million Equity and Convertible Debenture Offerings
Premium Brands Holdings Corporation Announces the Exercise of the Over-Allotment Options in Conne...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"Premium Brands Holdings Corporation Announces the Exercise of the Over-Allotment Options in Connection with its Recently Completed $600 million Equity and Convertible Debenture Offerings\n\n\nPremium Brands Holdings Corporation Announces the Exercise of the Over-Allotment Options 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. 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 that the 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, have exercised their options in full to purchase: (i) an additional 430,860 subscription receipts (the \"Over-Allotment Subscription Receipts\") at a price of $97.50 per Over-Allotment Subscription Receipt, 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\") at a price of $1,000 per Over-Allotment Debenture (collectively, the \"Over-Allotment Options\"). The closing of the Over-Allotment Options is expected to be completed on December 19, 2025 and will increase the total gross proceeds of the recently completed equity and convertible debenture offerings 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\"). Followin...