- Wildpack Beverage (OTCPK:WLDPF) proposes to complete a debenture restructuring transaction with respect to its outstanding 8.00% convertible unsecured subordinated debentures of ~$45M.
- The debentures were issued pursuant to a convertible debenture indenture between the company and Computershare Trust Company of Canada dated as of June 30, 2021.
- The debenture repurchase will be funded through: a portion of the indebtedness under the amended Sandton loan in the amount of $500K and other loan sources.
- A portion of the proceeds from the rights offering will be used to repay the indebtedness incurred under the Amended Sandton Loan and the other sources loan.
2024-07-08