Stella-Jones Launches C$400 Million Unsecured Notes Offering
Company Announcements

Stella-Jones Launches C$400 Million Unsecured Notes Offering

Story Highlights

Stella-Jones (TSE:SJ) has released an update.

Stella-Jones Inc. has launched a C$400 million offering of senior unsecured notes, with a 4.312% interest rate payable semi-annually and maturing in 2031. The proceeds will be used primarily to repay existing revolving credit facility debts, with any surplus allocated for general corporate purposes. The offering, which has received a provisional rating of ‘BBB’, is expected to close on October 1, 2024.

For further insights into TSE:SJ stock, check out TipRanks’ Stock Analysis page.

Related Articles
Jason CarrStella-Jones (STLJF) Announces Q4 Dividend: Read On for Important Dates
TheFlyStella-Jones price target lowered to C$81 from C$97 at RBC Capital
TheFlyStella-Jones price target lowered to C$85 from C$95 at Scotiabank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App