Transaction|June 17, 2008
On June 17, 2008, Sherritt International Corporation (TSX: S) completed its offering of C$275 million principal amount of 7.75% senior unsecured debentures Series C. The net proceeds of C$272 million will be used for the repayment of existing credit facilities, to fund certain growth initiatives and for general corporate purposes.
Further information is found on Sherritt's website.