On May 22, 2025, Ag Growth International Inc. (AGI) announced a bought deal offering of $75 million in senior subordinated unsecured debentures, led by a syndicate of underwriters headed by CIBC Capital Markets. Due to strong demand, the offering was upsized the same day to $85 million, with an over-allotment option of up to an additional $12.75 million, potentially raising gross proceeds to $97.75 million.

The debentures were priced at $1,000 each, bear interest at 7.50% per annum payable semi-annually, and mature on June 30, 2030. They are not redeemable before June 30, 2028, except upon a change of control. After that date, AGI may redeem them at a premium, declining to par in the final year before maturity. The debentures are not convertible at the option of holders, but AGI may choose to repay principal or interest using freely tradeable common shares in accordance with the terms of the indenture.

On June 9, 2025, AGI announced the successful closing of the $85 million offering. The debentures are listed on the Toronto Stock Exchange under the symbol "AFN.DB.K". Net proceeds will be used to repay indebtedness under the company’s senior operating credit lines, which may be redrawn for general corporate purposes. A preliminary short form prospectus was filed with Canadian securities regulators, excluding Quebec.