Post by
bossu on Oct 26, 2021 5:36pm
Long term debt and financing...
Quite spectacular:
From March 30 2021
Long term debt ---.» $ 5 732 000 000 --» $ 9,50 / sh
Issued shares 603 387 000 shares
-Now with this total purchase price of approximately $2.846 billion
-Today, the Company entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and Scotiabank (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 44,080,000 common shares of the Company (the “Shares”) at an offering price of C$18.15 per Share (the “Offering Price”) for total gross proceeds to the Company of C$800 million ($646 million) (the “Offering”). In connection with the Offering, the Company
Just an extra 44 000 000 shares
But underwriters like the deal !
What about you?
Fun to look at the share price action ...but would not like to be part of the game !
Comment by
Billybabin61 on Oct 26, 2021 5:58pm
Agree, alot of debt and the outstanding shares go to 663 million. I do take some comfort that their payout ratio was under 60% prior to this. Down after hours by over 3% so a pull back to under 18 seems likely tomorrow based on the equity sale.
Comment by
gimebackmymoni on Oct 26, 2021 9:36pm
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Comment by
Tommy123 on Oct 26, 2021 8:43pm
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