- Stagwell Inc STGW subsidiary, Midas OpCo Holdings LLC, priced an additional $50 million 5.625% senior unsecured notes due 2029 in a secondary in a private institutional offering.
- The offering proceeds will help to reduce credit facility borrowings and for general corporate purposes.
- Midas recently raised $1 billion in a separate private offering.
- Stagwell held $184.3 million in long-term debt as of Jun. 30.
- Price Action: STGW shares traded lower by 1.05% at $6.58 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
