DIRTT launches C$15M tender offer to repurchase convertible debentures at discount

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Offer to buy up to C$6M of 6% Jan 2026 debentures at C$720/1,000 (28% discount); up to C$9M of 6.25% Dec 2026 at C$600/1,000 (40% discount).
Purchase prices represent premiums to recent closing prices: Jan closed C$620, Dec closed C$550.
Issuer bid expires March 22, 2024; funded with proceeds from C$30M rights offering completed Jan 2024.
Outstanding: C$40.25M of Jan debentures, C$35M of Dec debentures as of Feb 14, 2024.
Debentures repurchased will be cancelled; no minimum tender condition; subject to customary conditions.

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