ECN Capital Announces C$75 Million Bought Deal Offering of 6.50% Listed Convertible Senior Unsecured Debentures
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ECN Capital Corp. announced a C$75 million bought deal offering of 6.50% listed convertible senior unsecured debentures, with an option for an additional C$11.25 million. The offering is led by major financial institutions and is not for U.S. distribution.
March 12, 2025 | 8:45 pm
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ECN Capital Corp. is issuing C$75 million in convertible debentures, potentially increasing to C$86.25 million. This move could strengthen its financial position and attract investors seeking fixed income.
The issuance of convertible debentures can provide ECN Capital with additional capital, improving its financial flexibility. The involvement of major financial institutions adds credibility, likely attracting investor interest and potentially boosting the stock price.
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