Aurora Cannabis announced that it has repurchased an aggregate of approximately $76.1M principal amount of its convertible senior notes at a total cost, including accrued interest, of $73.8M in cash. Following completion of this repurchase, Aurora will have approximately $110M of Notes outstanding. The purpose of the transaction, which represents a repurchase of a portion of the Notes at a 4.5% discount to par value, was to reduce the company’s debt and annual cash interest costs.
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Published first on TheFly
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