Premium Brands Holdings Corporation announced on December 12, 2025, a $600 million financing offering to fund its acquisition of Stampede Culinary Partners, Inc., a U.S. culinary solutions and protein platform headquartered in Chicago. The offering closed successfully on December 17, 2025.

The financing comprised $280 million through 2,872,400 public subscription receipts at $97.50 each, $150 million in 5.50% convertible unsecured subordinated debentures maturing December 31, 2032, and $170 million via private placement of 1,743,600 subscription receipts to Alberta Investment Management Corporation and Jarislowsky Fraser Global Investment Management. The debentures are convertible at $156.00 per common share.

Premium Brands is acquiring all outstanding shares of Stampede for approximately US$662.5 million (C$926.1 million), consisting of US$512.5 million (C$716.4 million) in cash and US$150 million (C$209.7 million) through issuance of 2,208,805 common shares. Stampede reported revenue of US$936 million (C$1.308 billion) and adjusted EBITDA of US$68 million (C$95 million) for fiscal year ended September 27, 2025.

The public offering was led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd., and Scotiabank. Bryan & Company LLP and Blake, Cassels & Graydon LLP serve as legal counsel to Premium Brands, while Torys LLP represents the underwriters. The acquisition is expected to close by end of January 2026, subject to regulatory approvals.