Brief: Accord Financial Announces $20 Mln Marketed Offering Of Convertible Unsecured Subordinated Debentures

Accord Financial

23/11/2018 23:02

Nov 23 (Reuters) - Accord Financial Corp  ACD.TO :
    * ACCORD FINANCIAL CORP. ANNOUNCES $20 MILLION MARKETED
OFFERING
OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES
    * ACCORD - TO USE NET PROCEEDS TO REPAY A PORTION OF
OUTSTANDING
INDEBTEDNESS UNDER CREDIT FACILITIES AND REMAINDER FOR GENERAL
CORPORATE PURPOSES
    * ACCORD FINANCIAL CORP - DEBENTURES WILL MATURE ON DECEMBER
31,
2023
    * ACCORD FINANCIAL CORP - INTEREST WILL BE PAYABLE
SEMI-ANNUALLY
IN ARREARS ON JUNE 30 AND DECEMBER 31 OF EACH YEAR, COMMENCING
JUNE 30, 2019

Source text for Eikon:  ID:nCNWm1PP8a 
Further company coverage:  ACD.TO 

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