Crown Cap (TSE:CRWN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Crown Capital Partners Inc. seeks to amend the terms of its 10% unsecured subordinated debentures to extend the maturity date, increase the interest rate, and change the interest payment schedule, alongside a waiver for a missed interest payment. The proposed changes aim to improve the company’s position to meet its financial obligations and provide Debentureholders with a higher yield. A special meeting is set for October 18, 2024, to obtain Debentureholder approval.
For further insights into TSE:CRWN stock, check out TipRanks’ Stock Analysis page.
