Post by
downwithdotcom1 on May 07, 2021 7:47pm
Canwel Q1 comments...
Canwel also had a blowout Q1 paying both a regular and special dividend. In addition to a bought deal offering and then upsizing it, they did a note offering see below statement in their Q1 NR...interesting ..dwdc
"On April 29, 2021, CanWel entered into an underwriting agreement with a syndicate of underwriters led by Stifel GMP and including National Bank Financial Inc. and RBC Capital Markets to sell $325 million aggregate principal amount of 5.25% Senior Unsecured Notes due 2026 (the "2026 Notes"). CanWel intends to use the net proceeds to repay indebtedness under its credit facilities. The Company will have the ability to redraw on its credit facilities in the future to fund potential acquisitions and for other corporate purposes."