Mullen Group Ltd. Announces the Completion of the Redemption of its 5.75% Convertible Unsecured Subordinated Debentures due November 30, 2026

Core Viewpoint - Mullen Group Ltd. has successfully completed the redemption of its 5.75% convertible unsecured subordinated debentures, which were due on November 30, 2026, on December 1, 2025, marking a significant financial maneuver for the company [1][3]. Redemption Details - On October 21, 2025, Mullen Group issued a notice to redeem the outstanding debentures at their principal amount plus accrued interest, with a conversion option available until November 21, 2025 [2]. - A total of $117,899,000 of the debentures were converted into common shares prior to the redemption [2]. - On the redemption date, holders who did not convert received $1,000 per debenture, which included their principal and accrued interest, with Mullen Group redeeming a total of $7,101,000 in principal amount [3]. Company Overview - Mullen Group is a public company with a strong history in acquiring transportation and logistics companies, boasting one of the largest logistics portfolios in North America [4]. - The company offers a diverse range of services including less-than-truckload, customs brokerage, truckload, warehousing, logistics, and specialized hauling, particularly in sectors like energy, mining, forestry, and construction [4].