Tilray Brands Raises $150M Via Unsecured Convertible Senior Notes Offering
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands, a global cannabis-lifestyle and consumer packaged goods company, has priced its offering of $150 million in 5.20% Convertible Senior Notes due 2027. The company also granted a 30-day option to underwriters to purchase up to an additional $22.5 million in Notes to cover over-allotments. The offering is expected to close on May 31, 2023.
May 26, 2023 | 7:21 am
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Tilray Brands raises $150M through a convertible senior notes offering, potentially increasing its financial flexibility and growth opportunities.
The convertible senior notes offering will provide Tilray Brands with additional capital, which can be used to fund growth initiatives, improve its balance sheet, and increase financial flexibility. This news is likely to have a positive short-term impact on the company's stock price, as investors may view the offering as a sign of financial strength and growth potential.
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