Premium brands holdings corporation announces $150 million financing of convertible unsecured subordinated debentures

Not for distribution to u.s. news services or dissemination in the united states vancouver, british columbia, march 05, 2025 (globe newswire) -- premium brands holdings corporation (“premium brands” or the “company”) (tsx: pbh), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce it has entered into an agreement with a syndicate of underwriters co-led by cibc capital markets, national bank financial, bmo capital markets and scotiabank (collectively, the “underwriters”), pursuant to which the company will issue on a “bought-deal” basis, subject to regulatory approval, $150,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the “debentures”) at a price of $1,000 per debenture (the “offering”). the company has also granted the underwriters an over-allotment option to purchase up to an additional $22,500,000 aggregate principal amount of debentures, on the same terms, exercisable in whole or in part at any time for a period of up to 30 days following closing of the offering, to cover over-allotments, if any.
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