On June 9, 2025, Ag Growth International Inc. (TSX: AFN) announced the closing of its previously disclosed public offering of senior subordinated unsecured debentures, raising $85 million CAD in aggregate principal. Priced at $1,000 per debenture, the securities carry an annual interest rate of 7.50%, payable semi-annually beginning December 31, 2025. The debentures mature on June 30, 2030, and are listed on the Toronto Stock Exchange under the symbol AFN.DB.K.

The offering was underwritten by a syndicate led by CIBC Capital Markets, with participation from National Bank Financial, TD Securities, Scotia Capital, ATB Securities, BMO Capital Markets, RBC Capital Markets, Desjardins Capital Markets, Raymond James, and Cormark Securities. An over-allotment option was granted to the underwriters, allowing for the purchase of up to an additional $12.75 million CAD in debentures within 30 days of closing.

Net proceeds from the offering will initially be used to repay amounts drawn under AGI's senior operating credit lines. These credit facilities will then be available to support general corporate purposes.

The debentures are not offered or sold in the United States and are not registered under the U.S. Securities Act of 1933. AGI, a global provider of equipment and digital technology for food infrastructure, operates manufacturing facilities in Canada, the U.S., the U.K., Brazil, India, France, and Italy, serving customers worldwide.

Burnet, Duckworth & Palmer LLP is acting as legal counsel to AGI, and Stikeman Elliott LLP is representing the Underwriters.