Aurora cannabis repurchases us$20 million of convertible notes

Aurora further strengthens balance sheet with accretive debt reduction edmonton, ab , june 3, 2022 /prnewswire/ - aurora cannabis inc. ("aurora" or the "company") (nasdaq: acb) (tsx: acb), the canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $25.3 million (us$20 million) principal amount of its convertible senior notes ("notes") at a total cost, including accrued interest, of $24.3 million (us$19.2 million) in cash. the purpose of the transaction, which represents a repurchase of a portion of the notes at a 5.25% discount to par value, was to reduce the company's debt and annual cash interest costs.
ACB Ratings Summary
ACB Quant Ranking