Algoma Central Closes $90 Million Convertible Debenture Financing

• Algoma Central closed $90 million in previously announced offerings of 6.2% convertible unsecured subordinated debentures.
• The total comprises a $70 million public offering and a $20 million concurrent private placement with E-L Financial.
• Underwriters have a 30-day option to purchase up to $10.5 million in additional debentures.
• The debentures mature December 31, 2031, with a conversion price of $46.95 per share.
• Net proceeds will fund newbuild investment, mergers and acquisitions, and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Central Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261104046545) on November 04, 2026, and is solely responsible for the information contained therein.