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.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ACB:
- White House announces signing of medical marijuana research expansion act
- Here’s What You Missed in Cannabis This Week
- Aurora Cannabis sees adjusted EBITDA profitability by December 31
- Aurora Cannabis reports Q1 revenue C$49.3M, consensus C$52.5M
- Aurora Cannabis options imply 14.9% move in share price post-earnings