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Rogers Sugar ( (TSE:RSI) ) just unveiled an update.
Rogers Sugar Inc. has launched a public offering of $50 million in Ninth Series convertible unsecured subordinated debentures, bearing interest at 5.50% and maturing on January 31, 2033, with an option for holders to convert them into common shares at a price of $7.91 per share. The bought-deal financing, led by a syndicate co-headed by BMO Capital Markets and National Bank Capital Markets, includes an over-allotment option of up to an additional $7.5 million, potentially raising gross proceeds to $57.5 million, with the funds earmarked to pay down debt under subsidiary Lantic Inc.’s credit facility and for general corporate purposes, subject to regulatory and TSX approval upon an expected closing around January 12, 2026.
The most recent analyst rating on (TSE:RSI) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Rogers Sugar stock, see the TSE:RSI Stock Forecast page.
Spark’s Take on TSE:RSI Stock
According to Spark, TipRanks’ AI Analyst, TSE:RSI is a Neutral.
Rogers Sugar’s overall stock score is driven by strong earnings performance and attractive valuation, offset by bearish technical indicators and challenges in cash flow conversion. The company’s ability to maintain profitability and a stable dividend amidst operational challenges is a positive sign for investors.
To see Spark’s full report on TSE:RSI stock, click here.
More about Rogers Sugar
Rogers Sugar Inc., listed on the Toronto Stock Exchange under the symbol RSI, operates in the food and ingredients industry, primarily focused on the production and marketing of sugar and related products in Canada. Through its subsidiary Lantic Inc., the company serves industrial, retail and foodservice customers, underpinning a key segment of the Canadian food supply chain.
Average Trading Volume: 264,222
Technical Sentiment Signal: Buy
Current Market Cap: C$762.7M
For detailed information about RSI stock, go to TipRanks’ Stock Analysis page.