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Rogers Sugar Announces Upsizing of Previously Announced Convertible Debenture Offering to $100 Million
Globenewswire· 2025-02-11 14:08
Core Viewpoint - Rogers Sugar Inc. has announced an increase in its bought deal public offering to $100,000,000 of Eighth Series convertible unsecured subordinated debentures, with an annual interest rate of 6.0% and a maturity date of June 30, 2030 [1][2]. Group 1: Offering Details - The offering price for the Offered Debentures is set at $1,000 per debenture, with interest payable semi-annually starting June 30, 2025 [1]. - The Offered Debentures are convertible into common shares at a conversion price of $7.10 per share, with conversion options available until the day before maturity or redemption [2]. - The Company has granted an Over-Allotment Option to underwriters to purchase an additional $15,000,000 of Offered Debentures, potentially increasing total gross proceeds to $115,000,000 if fully exercised [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to reduce outstanding amounts under the credit facility of Lantic Inc., a subsidiary of Rogers Sugar, and for general corporate purposes [4]. Group 3: Regulatory and Closing Information - The offering is expected to close around February 19, 2025, subject to regulatory and TSX approval [5]. - The Offered Debentures will be offered in Canada, with a prospectus supplement to be filed by February 12, 2025 [5]. Group 4: Company Overview - Rogers Sugar Inc. is a Canadian corporation that owns Lantic, which has been refining sugar for 135 years and operates multiple sugar refineries and a sugar beet processing facility in Canada [11]. - Lantic markets its sugar products under the "Lantic" and "Rogers" trademarks and offers a variety of sugar types and specialty syrups [11].
Rogers Sugar Announces a $75 Million Convertible Debenture Offering
Globenewswire· 2025-02-10 21:19
Core Viewpoint - Rogers Sugar Inc. announced a public offering of $75,000,000 aggregate principal amount of Eighth Series convertible unsecured subordinated debentures with an annual interest rate of 6.0% and a maturity date of June 30, 2030 [1][2]. Group 1: Offering Details - The offering price for the Offered Debentures is set at $1,000 per debenture [1]. - The Offered Debentures will be convertible into common shares at a conversion price of $7.10 per share [2]. - The Offered Debentures will not be redeemable prior to June 30, 2028, and can be redeemed under specific conditions thereafter [2]. Group 2: Underwriters and Over-Allotment - The offering is being conducted through a syndicate of underwriters co-led by TD Securities Inc. and Scotiabank on a bought deal basis [2]. - An Over-Allotment Option allows underwriters to purchase up to an additional $11,250,000 aggregate principal amount of Offered Debentures within 30 days after the closing of the offering [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to reduce outstanding amounts under the credit facility of Lantic Inc., a subsidiary of Rogers Sugar, and for general corporate purposes [4]. Group 4: Regulatory and Closing Information - The offering is expected to close on or about February 19, 2025, subject to regulatory and TSX approval [5]. - The Offered Debentures will be offered in each province of Canada pursuant to a prospectus supplement that will be filed by February 12, 2025 [5]. Group 5: Company Overview - Rogers Sugar Inc. is a corporation established under Canadian laws, holding all common shares of Lantic, which has been refining sugar for 135 years [11]. - Lantic operates cane sugar refineries in Montreal and Vancouver, and the only Canadian sugar beet processing facility in Taber, Alberta [11]. - The company markets its sugar products under the "Lantic" and "Rogers" trademarks across Canada and operates a distribution center in Toronto [11].
Rush Street Interactive Announces Fourth Quarter and Year-End 2024 Earnings Release Date
Newsfilter· 2025-02-03 13:30
Core Viewpoint - Rush Street Interactive, Inc. (RSI) is set to release its fourth quarter and year-end 2024 results on February 26, 2025, followed by a conference call to discuss the results [1]. Company Overview - RSI is an online gaming and sports entertainment company operating in the United States, Canada, and Latin America, with brands including BetRivers, PlaySugarHouse, and RushBet [3]. - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [3]. - RSI has received multiple awards for its customer service and operational excellence, including the EGR North America Awards Customer Services Operator of the Year for five consecutive years from 2020 to 2024 [3]. - The company was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council [3].
REMINDER/Rogers Sugar Inc.: Conference Call – 1st Quarter 2025 Results
Globenewswire· 2025-02-03 13:00
Core Points - Rogers Sugar Inc. (RSI) will hold a conference call to discuss their 2025 first quarter results on February 6, 2025, at 8:00 a.m. Eastern Time [1] - The conference call will be chaired by CEO Michael Walton and CFO Jean-Sébastien Couillard [1] - Participants can join the call by dialing 1-800-717-1738, and a recording will be available until March 6, 2025 [2] - A webcast of the discussion and presentation will be accessible through a provided link [2] - For further inquiries, contact Jean-Sébastien Couillard, CFO, at the provided telephone number [3]
Swinomish Indian Tribal Community Partners With Rush Street Interactive to Launch BetRivers Retail Sportsbook in Washington
Newsfilter· 2025-01-27 13:30
Core Insights - The Swinomish Indian Tribal Community and Rush Street Interactive, Inc. have launched in-person sports betting at the BetRivers Sportsbook located in the Swinomish Casino & Lodge in Washington, allowing customers to place various types of bets on both U.S. and international sporting events [1][2] Company Overview - Rush Street Interactive (RSI) is a leading online casino and sports betting company operating under the BetRivers brand, with a focus on markets in the United States, Canada, and Latin America. RSI has established a presence in fifteen U.S. states and several international markets [6] - The Swinomish Indian Tribal Community has been operating the Swinomish Casino & Lodge for nearly 40 years, evolving from a small bingo operation to a modern gaming facility and becoming a significant employer in the Anacortes area [8] Partnership Dynamics - The partnership between the Swinomish Indian Tribal Community and RSI is characterized by mutual trust, with RSI providing operational support while allowing the Tribe to maintain full control over its operations. This collaboration aims to enhance the overall gaming experience and drive economic development in the region [4][5] - RSI's expertise in training and support for land-based casino teams is expected to attract new player demographics and optimize cross-promotion with existing gaming and hospitality amenities [4][5]
Rogers Sugar Inc.: Conference Call – 1st Quarter 2025 Results
Globenewswire· 2025-01-15 15:31
Core Points - Rogers Sugar Inc. (RSI) will hold a conference call to discuss their 2025 first quarter results on February 6, 2025, at 8:00 a.m. Eastern Time [1] - The call will be chaired by CEO Mr. Michael Walton and CFO Mr. Jean-Sébastien Couillard [1] Participation Details - To participate in the conference call, dial 1-800-717-1738 [2] - A recording of the call will be available by dialing 1-888-660-6264 with access code 01931 until March 6, 2025 [2] - The discussion and presentation will also be accessible through a webcast [2] Contact Information - Jean-Sébastien Couillard serves as Vice President of Finance, Chief Financial Officer, and Corporate Secretary [3] - Contact number for further inquiries is (514) 940-4350 [3] - Company website is www.lanticrogers.com [3]
BetRivers Welcomes Gambling Icon Phil Hellmuth as Brand Ambassador
Newsfilter· 2025-01-13 13:30
Core Insights - Rush Street Interactive, Inc. (RSI) has announced an exclusive partnership with Phil Hellmuth, a renowned professional poker player, to enhance player experiences across its platforms [1][3][7] - The partnership aims to integrate Hellmuth's expertise into RSI's Casino, Sportsbook, and Poker verticals, as well as its media productions [1][3] Company Overview - RSI is a leading online gaming and sports entertainment company operating in the U.S., Canada, and Latin America, with real-money operations in fifteen U.S. states and several international markets [6] - The company has received multiple awards for its customer service and operational excellence, including the EGR North America Awards and SBC Latin-American Awards [6] Partnership Details - Hellmuth will participate in various promotional activities, including hosting Live Casino Dealer events, providing sports betting commentary, and leading interactive sessions for players [4] - The partnership will feature exclusive themed events and challenges for players, as well as VIP experiences where players can compete with Hellmuth [4] - Hellmuth's involvement will also extend to the BetRivers Network, including appearances on the flagship poker show "Poker Night in America" [4] Strategic Goals - The collaboration with Hellmuth is intended to elevate RSI's offerings and solidify its position as a leader in the online casino, sportsbook, and poker industries [3][4] - The partnership reflects RSI's commitment to delivering premium content and dynamic entertainment experiences for its players [3]
Rush Street Interactive to Participate at Upcoming Investor Conference
Globenewswire· 2025-01-07 21:15
Core Insights - Rush Street Interactive, Inc. (RSI) is a leading online casino and sports betting company in the Americas, with upcoming presentations at the 2025 ICR Conference and the 27th Annual Needham Growth Conference [1][2]. Company Overview - RSI operates in the online gaming and sports entertainment sector, focusing on markets in the United States, Canada, and Latin America [2]. - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [2]. - RSI's brands include BetRivers, PlaySugarHouse, and RushBet, and it has been recognized with multiple awards for customer service and operational excellence [2]. Upcoming Events - RSI will present at the 2025 ICR Conference on January 13 at 4:00 p.m. Eastern Time [1]. - The company will also present at the 27th Annual Needham Growth Conference on January 16 at 9:30 a.m. Eastern Time [1]. - Live audio webcasts of both presentations will be available on RSI's website, with replays archived for 90 days [2].
Rush Street Interactive Expands Its Board With Appointment of Thomas Winter
Globenewswire· 2024-12-19 21:15
Core Insights - Rush Street Interactive, Inc. has elected Thomas Winter to its board of directors, effective December 16, 2024, bringing the board back to nine members [1] - The CEO of Rush Street Interactive expressed confidence in Winter's experience and strategic vision to enhance the company's offerings and expansion [2] Company Overview - Rush Street Interactive is a leading online gaming and sports betting company operating in the United States, Canada, and Latin America, with brands such as BetRivers, PlaySugarHouse, and RushBet [5] - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [5] - Founded in 2012, Rush Street Interactive has received multiple awards for its customer service and operational excellence in the gaming industry [5] Leadership Background - Thomas Winter has nearly two decades of experience in the online gaming industry, having founded Golden Nugget Online Gaming (GNOG) in 2013, which became a top operator in New Jersey and was sold for over $1.5 billion to DraftKings [3] - Prior to GNOG, Winter served as CEO and director of Betclic and Expekt, where he played a significant role in their operations and growth [4]
Rush Street Interactive (RSI) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-12-03 18:01
Rush Street Interactive, Inc. (RSI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ye ...