Parkland (TSE:PKI) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Parkland Corporation has announced the pricing of its $500 million senior unsecured notes offering at par, with a fixed interest rate of 6.625% per annum, maturing in 2032. The company plans to use the proceeds from this private offering to repay part of its existing credit facilities. The offering is targeted at qualified institutional buyers in the U.S. and will be sold in Canada to accredited investors without a public prospectus.
For further insights into TSE:PKI stock, check out TipRanks’ Stock Analysis page.