AGI seeks debenture maturity extension to 2030, proposes coupon step-up to 9%
AGG•Ag Growth International proposed amending its $85 million senior subordinated debentures, extending maturity from Dec. 31, 2026, to Dec. 31, 2030, and raising the annual coupon from 5.25% to 9%.
1. Proposed debenture changes
Ag Growth International proposed amending its $85 million Third Series 5.25% senior subordinated unsecured debentures. The plan would extend their maturity to Dec. 31, 2030, and increase the annual coupon to 9.00%.
2. Approval process
Debenture holders are scheduled to vote on the proposal on Oct. 28, 2026. The changes also require Toronto Stock Exchange approval.
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