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The latest announcement is out from Premium Brands ( (TSE:PBH) ).
Premium Brands Holdings Corporation announced the successful closing of an additional $22.5 million in convertible unsecured subordinated debentures, following the exercise of an over-allotment option by a syndicate of underwriters. This brings the total issuance to $172.5 million, which will be used to temporarily reduce existing indebtedness and increase available credit for further financial obligations, potentially impacting the company’s financial flexibility and market positioning.
More about Premium Brands
Premium Brands Holdings Corporation is a leading producer, marketer, and distributor of branded specialty food products with operations across Canada, the United States, and Italy.
YTD Price Performance: -1.37%
Average Trading Volume: 86,394
Technical Sentiment Signal: Hold
Current Market Cap: C$3.53B
For an in-depth examination of PBH stock, go to TipRanks’ Stock Analysis page.