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Rogers Sugar ( (TSE:RSI) ) has issued an update.
Rogers Sugar Inc. has successfully closed an over-allotment option, raising an additional $15 million through the issuance of convertible unsecured subordinated debentures. This brings the total proceeds from the offering to $115 million, which the company plans to use to reduce the outstanding amounts on Lantic Inc.’s credit facility and for general corporate purposes, potentially strengthening its financial position and operational flexibility.
More about Rogers Sugar
Rogers Sugar Inc. operates in the sugar industry, primarily focused on the production and distribution of sugar products. It is publicly traded on the Toronto Stock Exchange (TSX) under the ticker RSI, and it serves the Canadian market through its subsidiary, Lantic Inc.
YTD Price Performance: -5.74%
Average Trading Volume: 305,417
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$714.6M
Learn more about RSI stock on TipRanks’ Stock Analysis page.