RE:It’s a good deal10 years ago Wilan did a bought deal of CAD 200mio to finance the (failed) Mosaid acquisition.
The fact that they do the bought deal now indicated that an additional acquisition is imminent and this is not just to load up some cash.
Note that the coupon rate is similar to the rate 10 years ago.
I would not be surprised if this bought deal is a condition presedent imposed by financial institutions providing an additional senior debt facility to finance a very concrete acquision deal which will mature within the coming days/weeks.