Rogers Sugar announces closing of the private placement by Lantic of $100 million in Senior Guaranteed Notes
April 30 2021 - 5:01PM
Rogers Sugar Inc. (the “
Corporation”) (TSX:RSI)
announced today the closing of the previously announced private
placement of C$100 million 3.49% Senior Guaranteed Notes due
April 30, 2031 (the
“Notes”) of its
wholly-owned subsidiary, Lantic Inc. (“
Lantic”).
Net proceeds from the issuance of Notes will be used to refinance
existing credit facility debt of Lantic.
The Notes have not been, and will not be,
registered under the Securities Act of 1933, as amended, or under
any other securities laws.
This press release is not an offer of the Notes
for sale or a solicitation of an offer to purchase the Notes in the
United States or Canada, or in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About Rogers Sugar Inc.
Rogers Sugar Inc. is a corporation established
under the laws of Canada. The Corporation holds all of the common
shares of Lantic and its administrative office is in Montréal,
Québec. Lantic operates cane sugar refineries in Montreal, Québec
and Vancouver, British Columbia, as well as the only Canadian sugar
beet processing facility in Taber, Alberta. Lantic also operates a
custom blending and packaging operation and distribution center in
Toronto, Ontario. Lantic’s sugar products are marketed under the
“Lantic” trademark in Eastern Canada, and the “Rogers” trademark in
Western Canada and include granulated, icing, cube, yellow and
brown sugars, liquid sugars and specialty syrups. Lantic owns
all of the common shares of The Maple Treat Corporation
(“TMTC”) and its head office is headquartered in
Granby, Québec. TMTC operates bottling plants in Granby,
St-Honoré-de-Shenley and Dégelis, Québec and in Websterville,
Vermont. TMTC’s products include maple syrup, maple sugar and
derived maple syrup products and are sold under various brand
names, such as L.B. Maple Treat, Great Northern, Decacer, Sucro-Bec
and Highland Sugarworks.
Forward Looking StatementsThis
document may contain forward-looking statements, relating to the
Corporation’s operations or to the environment in which it
operates, which are based on the Corporation’s operations,
estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond the
Corporation’s control. A number of important factors could cause
actual outcomes and results to differ materially from those
expressed in these forward-looking statements. These factors
include those set forth in other public filings. In addition, these
forward-looking statements relate to the date on which they are
made. The Corporation disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable laws.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Mr. Jean-Sébastien CouillardVice President
Finance, Chief Financial Officer & SecretaryLantic Inc.Tel:
(514) 940-4350Website www.lanticrogers.com or
www.rogerssugarinc.com
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