15:33:23 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Glentel Inc
Symbol GLN
Shares Issued 22,284,065
Close 2014-09-23 C$ 10.72
Market Cap C$ 238,885,177
Recent Sedar Documents

Glentel cancels $200-million note offering

2014-09-23 20:51 ET - News Release

Mr. Jas Boparai reports

GLENTEL INC. WITHDRAWS PROPOSED OFFERING OF $200-MILLION SENIOR UNSECURED NOTES

Glentel Inc. is withdrawing its previously announced offering of $200-million senior unsecured notes due in 2019 and the related refinancing of its senior secured credit facility. The unsecured notes offering was intended to opportunistically repay borrowings under the company's existing senior secured credit facilities and to be used for general corporate purposes. While the offering generated investor interest, it did not ultimately result in terms and conditions that were satisfactory to the company.

The company intends to continue with its existing senior secured credit facilities that are currently in good standing and which mature in October, 2017. While maintaining its disciplined approach to raising capital, Glentel will continue to periodically review other financing options that provide additional flexibility to the company.

We seek Safe Harbor.

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