Dye & Durham Ltd. (TSE:DND) has released an update.
Dye & Durham Ltd. has embarked on a bold financial move with the launch of a $500 million senior secured notes offering, aimed at refinancing existing debts and supporting general corporate needs. The offering’s success hinges on market conditions, and it accompanies the marketing of new senior secured credit facilities initiated in late March. The funds raised will be directed towards refinancing current credit facilities, repurchasing convertible debentures, and bolstering the company’s working capital.
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