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Algoma Central Corp
Symbol ALC
Shares Issued 40,567,816
Close 2026-11-02 C$ 30.69
Market Cap C$ 1,245,026,273
Recent Sedar+ Documents

Algoma Central 6.2% debentures to trade on TSX

2026-11-02 19:26 ET - Prospectus Approved

The Toronto Stock Exchange reports that 6.20 per cent convertible unsecured subordinated debentures of Algoma Central Corp. will be listed at 5:01 p.m. on Nov. 3, 2026, for trading at the open on Nov. 4, 2026, under the symbol ALC.DB.B and with Cusip No. 015644 AG 2. As stated in its prospectus dated Oct. 30, 2026, the company is issuing $$70-million principal amount of convertible debentures, in the minimum principal amount of $1,000 each, in a public offering that is expected to close before the open on Nov. 4, 2026.

According to the TSX, the debentures will mature on Dec. 31, 2031, and pay interest semi-annually in arrears on June 30 and Dec. 31 in each year, at 6.20 per cent per year. Assuming the offering closes on Nov. 4, 2026, the initial interest payment of $40.42.74 per $1,000 principal amount of debentures will be made on June 30, 2027. The transfer agent and registrar is Computershare Trust Company of Canada at its principal office in Toronto.

The TSX notes that holders of the debentures may, at any time before the close of business on the earlier of the maturity date and the business day immediately preceding the date specified by the company for redemption of the debentures, convert the debentures into common shares of the company at $46.95 per share. This conversion price represents a conversion rate of approximately 21.2993 shares per $1,000 principal amount of debentures, subject to adjustment.

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