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