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AGT Food and Ingredients Inc. completes $200M senior notes offering

Source: Lexpert Big Deals

AGT Food and Ingredients Inc. completes 0M senior notes offering




On December 21, 2016, AGT Food and Ingredients Inc. (“AGT”) completed its offering of $200 million in aggregate principal amount of senior notes (the “Notes”) due December 21, 2021. The Notes bear interest at an annual rate of 5.875 per cent and were sold at a price of 100 per cent of principal for gross proceeds of $200 million. The offering was completed by a syndicate of underwriters (the “Underwriters”) led by Scotia Capital Inc., CIBC World Markets Inc., and National Bank Financial Inc., and include Cormark Securities Inc., GMP Securities L.P., AltaCorp Capital Inc., BMO Nesbitt Burns Inc., Raymond James Ltd., RBC Dominion Securities Inc. and TD Securities Inc., by way of a private placement.  AGT intends to apply the net proceeds of the offering to the early redemption in full of AGT’s currently outstanding 9 per cent senior secured second lien notes due 2018 and to the repayment of…



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