Tilray, Inc. Announces Agreement to Exchange an Additional $72.9 Million in Principal Amount of Its 5.00% Convertible Senior Notes Due 2023 for Common Stock
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: Business Wire
NANAIMO, British Columbia--(BUSINESS WIRE)--Tilray, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced that it has entered into privately negotiated exchange agreements with certain holders of its 5.00% Convertible Senior Notes due 2023 (the "Notes"). Pursuant to the exchange agreements, the Company will exchange approximately $72.9 million in aggregate principal amount of Notes plus accrued interest, for approximately 6.4 million shares of the Company's Class 2 common stock. The exchange transactions are expected to be completed on or about November 25, 2020, subject to customary closing conditions. Following the exchange transactions, approximately $277.9 million in aggregate principal amount of the Notes will remain outstanding.Effectively, the Company agreed to repurchase a portion of its Notes at a 42% discount to their face value, using shares issued at the Company’s most recent cl
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TLRY
Earnings
- 4/9/24 - Beat
TLRY
Analyst Actions
- 4/10/24 - CIBC
TLRY
Sec Filings
- 4/9/24 - Form 10-Q
- 4/9/24 - Form 8-K
- 2/16/24 - Form 8-K
- TLRY's page on the SEC website