Stocks in play: Aurora Cannabis Inc
Announced that it has repurchased an aggregate of approximately $102.5 million (US$76.1 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of $99.4 million (US$73.8 million) in cash. Following completion of this repurchase, Aurora will have approximately $148 million (US$110 million) of Notes outstanding. The purpose of the transaction was to reduce the Company's debt and annual cash interest costs. Aurora has repurchased an aggregate of approximately $316.5 million (US$235 million) principal amount of its convertible senior notes over the last twelve months, resulting in annual cash interest savings of approximately $17.4 million (US$12.9 million). Aurora Cannabis Inc shares T.ACB are trading up $0.04 at $1.93.
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