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BRIEF-Algoma Central announces $75 mln offering of debentures
June 1, 2017 / 7:25 PM / 4 months ago

BRIEF-Algoma Central announces $75 mln offering of debentures

June 1 (Reuters) - Algoma Central Corp:

* Algoma Central Corporation announces $75 million public offering of 5.25% convertible unsecured subordinated debentures

* Debentures will mature on June 30, 2024 and will bear interest at an annual rate of 5.25% payable semi-annually​

* Conversion price will be $21.15 per share​

* Expects to use proceeds of offering to fund redemption of outstanding 6.00% convertible unsecured subordinated debentures due March 2018​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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