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Rogers Sugar ( (TSE:RSI) ) has provided an announcement.
Rogers Sugar Inc. has successfully closed its $100 million convertible debenture offering, aimed at reducing Lantic Inc.’s credit facility debt and supporting general corporate purposes. The debentures, set to trade on the TSX under RSI.DB.G, bear a 6% interest rate, are convertible into common shares, and mature in 2030, enhancing the company’s financial strategy and market position.
More about Rogers Sugar
Rogers Sugar Inc. operates in the sugar industry, primarily involved in the production and distribution of sugar products. The company focuses on the Canadian market and is listed on the Toronto Stock Exchange.
YTD Price Performance: -7.09%
Average Trading Volume: 294,906
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$704.4M
For a thorough assessment of RSI stock, go to TipRanks’ Stock Analysis page.
