Superior Plus Announces Closing of Senior Unsecured Note Financing
Superior Plus (TSX:SPB) has announced that its indirect wholly owned subsidiary Superior Plus LP has closed on its previously announced private placement of $150 million principal amount of 5.25 percent Senior Unsecured Notes due February 27, 2024. As quoted in the press release: Superior LP intends to use the net proceeds of the Offering to …
Superior Plus (TSX:SPB) has announced that its indirect wholly owned subsidiary Superior Plus LP has closed on its previously announced private placement of $150 million principal amount of 5.25 percent Senior Unsecured Notes due February 27, 2024.
As quoted in the press release:
Superior LP intends to use the net proceeds of the Offering to fund the redemption of Superior’s issued and outstanding 6.00% convertible unsecured subordinated debentures due June 30, 2019 (of which there is $97 million aggregate principal amount outstanding) (the 6.00% Debentures), and to initially repay drawn amounts under Superior LP’s syndicated revolving credit facility, which can be redrawn for general corporate purposes. The redemption date in respect of the 6.00% Debentures is November 15, 2017.
The Offering was underwritten by National Bank Financial Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc., as joint book-running managers and Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., AltaCorp Capital Inc., Casgrain & Company Limited. and Cormark Securities Inc. as co-managers.
The offer and sale of the Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act), or applicable state securities laws, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada will be made on a basis exempt from the prospectus requirements of such securities laws.
This press release does not constitute an offer to sell or an offer to purchase, or a solicitation of an offer to sell or an offer to purchase, the Notes. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1827.54 | +0.47 | |
Silver | 21.15 | +0.03 | |
Copper | 3.74 | 0.00 | |
Palladium | 1879.51 | +6.50 | |
Platinum | 911.26 | +4.32 | |
Oil | 107.06 | +2.79 | |
Heating Oil | 4.24 | +0.02 | |
Natural Gas | 6.17 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.