Algoma Central lifts convertible debenture offering to $80.5 million after full over-allotment exercise
Bitget2026/11/06 13:43- Algoma Central issued an additional $10.5 million of 6.2% convertible unsecured subordinated debentures through full exercise of the over-allotment option.
- Total gross proceeds from the public offering increased to $80.5 million from $70 million.
- Net proceeds will fund newbuild investment, mergers and acquisitions, and general corporate purposes.
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