ADENTRA (TSE:ADEN) has released an update.
ADENTRA Inc. has successfully completed a bought deal offering, issuing over 2.5 million common shares and raising $100 million in gross proceeds, including the full exercise of the over-allotment option by underwriters. The company plans to allocate the net proceeds to repay bank debt and support strategic acquisitions and general corporate activities. ADENTRA, a major North American distributor of architectural building products, operates 85 facilities and is listed on the Toronto Stock Exchange.
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