Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Ag Growth International Inc. > News item |
Ag Growth greenshoe exercised, lifts 7% convertibles to C$115 million
By Marisa Wong
Milwaukee, Nov. 6 - Ag Growth International Inc. announced that the underwriters of its offering of 7% convertible unsecured subordinated debentures due Dec. 31, 2014 exercised the C$15 million over-allotment option in full, increasing the size of the offering to C$115 million.
Ag Growth priced C$100 million of the five-year convertibles on Oct. 5 to yield 7% with an initial conversion premium of 37.5%.
The Regulation S issue was made via a syndicate of underwriters led by TD Securities Inc. The syndicate also included CIBC World Markets Inc., National Bank Financial Inc., Cormark Securities Inc., Wellington West Capital Markets Inc., Genuity Capital Markets and Macquarie Capital Markets Canada Ltd.
Net proceeds will be used for general corporate purposes.
Ag Growth is a manufacturer of portable and stationary grain handling, storage and conditioning equipment based in Winnipeg, Man.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.