BRIEF-Morneau Shepell announces $75 million bought deal offering

Thu May 12, 2016 4:37pm EDT
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May 12 (Reuters) - Morneau Shepell Inc

* Debentures will bear interest at a rate of 4.75% per annum, payable semi-annually on june 30 and december 31 each year

* Intends to use net proceeds of offering to initially repay indebtedness under its credit facility

* Debentures will be convertible at holder's option into common shares at a conversion price of $25.10 per share

* Morneau Shepell Inc. Announces $75 million bought deal offering of 4.75% convertible debentures and the redemption of outstanding 5.75% convertible debentures Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)