By Wendy Van Sickle
Columbus, Ohio, April 20 – Rogers Sugar Inc. said its wholly owned subsidiary, Lantic Inc., priced C$100 million of 3.49% 10-year senior notes in a private placement, according to a company news release.
TD Securities is the placement agent.
Rogers guarantees the notes.
Proceeds will be used to refinance credit facility debt.
Rogers Sugar is a Montreal-based parent company of Lantic. Lantic operates cane sugar refineries and sugar beet processing facilities in Canada and is the owner of LBMT, which operates bottling plants for maple syrup and maple syrup products.
| Issuer: | Lantic Inc.
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| Guarantor: | Rogers Sugar Inc.
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| Securities: | Senior notes
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| Amount: | C$100 million
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| Maturity: | April 30, 2031
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| Placement agent: | TD Securities Inc.
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| Coupon: | 3.49%
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| Announcement date: | April 20
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