Aurora Cannabis Inc. acb acb Is repurchase Overall approx CA$102.5 million ($76.1 million) principal amount of its convertible senior notes CA$99.4 million ($73.8 million) in cash at total cost including accrued interest. Following completion of this repurchase, Aurora will have approximately CA$148 million ($110 million) in outstanding notes.
The object of the transaction, which represents the repurchase of a portion of the notes 4.5% off on par value, was to reduce the company’s debt and annual cash interest costs. Aurora has repurchased approximately CA$316.5 million ($235 million) principal amount of its convertible senior notes over the past twelve months, resulting in Annual Cash Interest Savings almost CA$17.4 million ($12.9 million).
The company reiterated its expectation to achieve adjusted EBITDA profitability by December 31, 2022.
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