General Motors Files $500 Million Public Offering of Convertible Notes

Allied Announces $400 Million Offering of Senior Unsecured Debentures

March 26, 2025 - Allied today announced that it has priced a public offering of $400 million aggregate principal amount of senior unsecured debentures. The offering is expected to close on April 1, 2025, subject to customary closing conditions.

The debentures will have a maturity date of March 15, 2035, and will bear interest at a rate of 4.50% per annum. The debentures will be guaranteed by Allied's subsidiaries and will be secured by a pledge of substantially all of the subsidiaries' assets.

The net proceeds from the offering will be used to repay outstanding indebtedness under Allied's existing credit facilities, to fund capital expenditures and for general corporate purposes.

The debentures will be listed on the Toronto Stock Exchange and the New York Stock Exchange. The offering is being made through a syndicate of underwriters led by Deutsche Bank Securities Inc. and RBC Capital Markets.

"We are pleased to have successfully priced this offering, which will provide us with additional liquidity and flexibility to execute our strategic initiatives," said [Name], CEO of Allied. "We believe this offering demonstrates our ability to access the capital markets and reinforce our commitment to our shareholders."

About Allied Allied is a leading [industry/sector] company with a strong track record of growth and profitability. The company is committed to delivering long-term value to its shareholders through a combination of organic growth, strategic acquisitions and prudent financial management.

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