Cott to raise $50 million through share offer

by Staff
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TORONTO — Cott has entered an agreement with a team of underwriters, including TD Securities, Inc., that will purchase 9,435,000 common shares at $5.30 per share for a total of $50,005,500.

Cott plans to use the proceeds from the offering for either the repayment of a portion of its 8% Senior Subordinated Notes due December 2011 or for repayment of a portion of its outstanding indebtedness under the asset based lending facility.

The offer is expected to close by Aug. 11.

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