Algoma Central Corporation Increases Size of Convertible Debenture Offering

Algoma Central Corporation announced on October 21, 2026, that it has increased its public offering of 6.20% convertible unsecured subordinated debentures to $70 million, with an additional over-allotment option for $10.5 million. The company also raised a non-brokered private placement to E-L Financial Corporation Limited to $20 million. The debentures will mature on December 31, 2031, with interest payable semi-annually starting June 30, 2027, and are convertible into common shares at the holder's option.