Aurora Cannabis repurchases $76.1 million in convertible notes

Aurora Cannabis Inc. ACB ACB has repurchased an aggregate of approximately CA $102.5 million $76.1 million principal amount of its convertible senior notes at a total cost of $99.4 million $73.8 million in cash. After the completion of the repurchase, Aurora will have approximately $148 million $110 million of notes outstanding.

The purpose of the transaction was to reduce the company's debt and annual cash interest costs, as well as a repurchase of a portion of the notes at a 4.5% discount to par value. Over the last twelve months, Aurora has repurchased an aggregate of approximately CA $316.5 million $235 million principal amount of its convertible senior notes, resulting in annual cash interest savings of approximately CA $17.4 million $12.9 million.

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