Rogers Sugar Inc. ("RSI") is issuing C$100 million in 6.00% convertible unsecured subordinated debentures due June 30, 2030, at C$1,000 per debenture. The debentures are convertible at C$7.10 per share and will be listed on the TSX, subject to approval.

The offering is led by TD Securities and Scotia Capital, with BMO, National Bank, CIBC, Desjardins, and RBC also participating. Davies Ward Phillips & Vineberg LLP represents RSI, while Stikeman Elliott LLP advises the underwriters.

Net proceeds of C$95.6 million will reduce RSI’s revolving debt and support general corporate purposes. An over-allotment option could increase the total to C$110.4 million.

The offering is expected to close on or about February 19, 2025.