ECN Capital ( (TSE:ECN) ) has provided an announcement.
ECN Capital Corp. has announced a C$75 million bought deal offering of 6.50% listed convertible senior unsecured debentures, set to mature on April 30, 2030. The proceeds from this offering are intended to redeem existing senior unsecured debentures due December 31, 2025, subject to lender approval, and may also be used to manage existing indebtedness. This move is part of ECN Capital’s strategic financial management to optimize its debt structure, potentially impacting its market positioning and stakeholder interests.
More about ECN Capital
ECN Capital Corp. operates in the financial services industry, focusing on providing capital solutions and services. The company is involved in offering a range of financial products, including unsecured debentures, and is known for its strategic market positioning in capital markets.
YTD Price Performance: -10.59%
Average Trading Volume: 260,831
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$806.9M
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