MONTREAL, Quebec — January 12, 2026 — Leads & Copy — Rogers Sugar Inc. (TSX: RSI) announced today that it has completed its previously announced bought deal public offering of $57,500,000 aggregate principal amount of Ninth Series convertible unsecured subordinated debentures.
The offering included the exercise in full of the over-allotment option granted to the underwriters, at a price of $1,000 per debenture, pursuant to an underwriting agreement dated January 7, 2026, among the Company, Lantic Inc., and a syndicate of underwriters co-led by BMO Capital Markets and National Bank Capital Markets, and including TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc. and RBC Dominion Securities Inc.
The debentures were offered in each of the provinces of Canada pursuant to a prospectus supplement dated January 7, 2026, to the Company’s final short form base shelf prospectus dated December 5, 2025.
Rogers Sugar intends to use the net proceeds of the offering to reduce amounts outstanding under the credit facility of Lantic, a subsidiary of the Company, and for general corporate purposes.
The debentures will bear an interest rate of 5.50% per annum, payable semi-annually on the last day of January and July commencing on July 31, 2026. The debentures will be convertible at the option of the holder into common shares of the Company at a conversion rate of 126.4223 Debenture Share per $1,000 principal amount of Debentures, which is equal to a conversion price of $7.91 per Debenture Share. The maturity date of the debentures is January 31, 2033.
The debentures will commence trading today on the Toronto Stock Exchange under the symbol RSI.DB.H.
Copies of the documents relating to the Offering, such as the Shelf Prospectus, the Prospectus Supplement and Underwriting Agreement, are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Copies of the Prospectus Supplement are available on the Company’s website at lanticrogers.com.
SOURCE Rogers Sugar Inc.
