Brief: Optiva Announces US$90 Mln Offering Of Secured Debentures And Related Governance Changes

Optiva

27/06/2020 07:06

June 27 (Reuters) - Optiva Inc  OPT.TO :
    * OPTIVA PROVIDES NOTICE OF REDEMPTION OF PREFERRED SHARES
AND
ANNOUNCES US$90 MILLION OFFERING OF SECURED DEBENTURES AND
RELATED GOVERNANCE CHANGES
    * OPTIVA - ENTERED INTO BINDING AGREEMENTS FOR A US$90
MILLION
HIGH YIELD OFFERING (THE "OFFERING") OF 9.75% SECURED PIK TOGGLE
DEBENTURES DUE 2025
    * OPTIVA - INTENDS TO USE THE NET PROCEEDS FROM THE OFFERING
TO
REDEEM THE PREFERRED SHARES

Source text for Eikon:  ID:nCNWMYK3ja 
Further company coverage:  OPT.TO 

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