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Crown Capital Partners closes $20M bought deal offering

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Crown Capital Partners closes $20M bought deal offering

Crown Capital Partners Inc. completed its bought deal public offering of $20 million aggregate principal amount of its 6.00% convertible unsecured subordinated debentures due June 30, 2023.

The net proceeds will be used to repay debt under the company's credit facility, which will then be available to fund new financing activities.

The debentures will trade on the Toronto Stock Exchange.

The offering was co-led by BMO Capital Markets and National Bank Financial Inc. and also included AltaCorp Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., GMP Securities LP, Raymond James Ltd. and TD Securities Inc.