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Rogers Sugar Details $50 Million Convertible Debenture Offering

BY MT Newswires | CORPORATE | 01/05/26 05:29 PM EST

05:29 PM EST, 01/05/2026 (MT Newswires) -- Rogers Sugar (RSGUF) after trade Monday announced a public offering of $50 million in convertible unsecured subordinated debentures, each priced at $1,000.

Monday's statement noted the underwriters have an option to purchase up to an additional $7.5 million of debentures, which would increase total gross proceeds to $57.5 million if fully exercised. It also noted the net proceeds will be used to reduce debt at Lantic, a Rogers Sugar (RSGUF) subsidiary, and for general corporate purposes, the company said.

The offering is expected to close around Jan. 12, subject to regulatory and Toronto Stock Exchange approval, the company added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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