- TC Transcontinental (TSX:TCL.A) has announced a private offering of $200 million senior unsecured notes
- The notes are being offered through a syndicate consisting of Scotia Capital Inc., BMO Capital Markets, CIBC Capital Markets as joint bookrunners
- The offering is expected to close on or about February 1, 2022
- Transcontinental intends to use the net proceeds to repay existing indebtedness
- TC Transcontinental is a leader in flexible packaging in North America, and Canada’s largest printer
- Shares in Transcontinental Inc. (TCL.A) opened trading at C$20.42 per share
TC Transcontinental (TSX:TCL.A) has announced a private offering of $200 million senior unsecured notes.
The notes are being offered through a syndicate of underwriters consisting of Scotia Capital Inc., BMO Capital Markets, CIBC Capital Markets as joint bookrunners and including, National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., BofA Securities Canada, MUFG Securities (Canada), Ltd., and Casgrain & Company Limited.
The offering is expected to close on or about February 1, 2022.
Transcontinental intends to use the net proceeds to repay existing indebtedness and for other general corporate purposes.
“Demonstrating continued investor confidence in TC Transcontinental, this debt provides additional financial flexibility to advance the strategic development of the corporation while reducing our financial costs,” said Donald LeCavalier, Chief Financial Officer of Transcontinental Inc.
TC Transcontinental is a leader in flexible packaging in North America, and Canada’s largest printer.
Shares in Transcontinental Inc. (TCL.A) opened trading at C$20.42 per share.