Osisko Development closes US$225 million convertible senior notes offering
PUBT · 05/26 21:00
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- Osisko Development closed a private placement of 4.125% convertible senior notes due 2031 totaling US$225 million.
- Deal included an initial purchasers’ option for up to an additional US$25 million; affiliate Double Zero Capital agreed to buy US$50 million.
- Total potential issuance value reached US$300 million, assuming full exercise of the option.
- Net proceeds estimated at about US$215.9 million, earmarked for capped calls, Cariboo Gold Project development, general corporate purposes.
- Notes priced at 96.4% of principal; initial conversion price set at about US$3.68, a 25% premium to May 20 close.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Osisko Development Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605261700PRIMZONEFULLFEED9726832) on May 26, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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