Convertibles Calendar: Tilray on tap

May 25

TILRAY BRANDS, INC.

• $150 million four-year convertible notes

• $22.5 million greenshoe

• Coupon of 5% to 5.25 and fixed initial conversion premium of 12.5%

• Non-callable until June 20, 2025 and then subject to a 130% hurdle

• SEC registered

• BofA Securities Inc. and Jefferies LLC

• Proceeds to repurchase a portion of its 5% convertible notes due 2023 and 5.25% convertible notes due 2024 in privately negotiated transactions and for short- and intermediate-term investments

• Leamington, Ont.-based cannabis and consumer packaged goods company

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