Brief: Rogers Sugar to acquire premier growth platform in maple syrup for $160.3 mln

Rogers Sugar

10/07/2017 20:57

July 10 (Reuters) - Rogers Sugar Inc  RSI.TO : 
    * Rogers sugar to acquire premier growth platform in maple 
syrup 
    * Deal for $160.3 million 
    * Rogers Sugar Inc - to finance transaction, corporation 
entered into an agreement with a syndicate of underwriters to 
raise approximately $110 million 
    * Rogers Sugar - transaction expected to provide about 10% 
accretion to rogers sugar's free cash flow per share for the 
year ending september 30, 2018 
    * Rogers sugar inc - signing of a share purchase agreement 
with champlain financial corporation inc. To acquire l.b. Maple 
treat corporation 
    * Rogers Sugar Inc - transaction to be financed with a mix 
of debt, subscription receipts and convertible debentures 
    * Rogers sugar inc says debentures will bear interest at 
rate of 5.0% per annum, payable semi-annually, commencing 
December 31, 2017 
    * Rogers Sugar - to finance transaction, co has entered into 
agreement with selected banks to increase co's revolving 
facility by $75 million to $275 million 
    * Rogers Sugar - entered agreement with selected banks in 
existing banking syndicate to increase corporation's revolving 
facility by $75 million to $275 million 
 
Source text for Eikon:  ID:nCCNStrr8a  
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