US EditionPublished • loading... • Updated
Canadian Net Announces the Closing of Its Private Placement of Convertible Debentures
Proceeds will fund acquisitions, debt repayment, and working capital, supporting Canadian Net's growth strategy with a 7.0% interest convertible debenture issuance of $4 million.
- In Montréal on Dec. 01, 2025, the REIT closed a private placement of unsecured Convertible Debentures, totaling $4.0 million, said the company.
- Proceeds will be directed to acquisitions and repayment of indebtedness, with Kevin Henley, President and CEO, saying the financing supports Canadian Net's continued growth.
- The Convertible Debentures contain a 7.0% annual interest rate payable semi‑annually, convert at $6.75 per Unit, and can be redeemed on or after December 1, 2028, if the Units’ closing price exceeds the Conversion Price for forty-five consecutive trading days.
- The Private Placement remains subject to final TSX-V approval, the securities are not registered under the United States Securities Act of 1933, and no finder’s fee is payable.
- The press release includes forward-looking statements and cautions that actual events may differ materially, and Canadian Net does not intend to update these statements unless required by law.
Insights by Ground AI
13 Articles
13 Articles
Canadian Net Announces the Closing of Its Private Placement of Convertible Debentures
Not for Distribution to United States Newswire Services or for Dissemination in the United States MONTRÉAL, Dec. 01, 2025 (GLOBE NEWSWIRE) -- (TSXV:NET) Canadian Net Real Estate Investment Trust ("Canadian Net" or the
·New York, United States
Read Full ArticleCoverage Details
Total News Sources13
Leaning Left9Leaning Right2Center2Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 16%
15%
Factuality
To view factuality data please Upgrade to Premium
