Brief: K-Bro Linen announces $50 mln equity offering

K-Bro Linen

04/04/2017 20:31

April 4 (Reuters) - K Bro Linen Inc  KBL.TO  :  
    * K-Bro Linen Inc. announces $50 million equity offering 
    * Entered into agreement to sell 1.3 million common shares 
on bought deal basis at price of $38.00 per share to syndicate 
of underwriters 
    * Net proceeds from offering to be used to fund build out of 
K-Bro's facilities in Toronto and Vancouver, to pay down 
indebtedness 
 
Source text for Eikon:  ID:nCCN80s1f8  
Further company coverage:  KBL.TO  
 
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