Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB), has repurchased an aggregate of approximately CA$25.3 million ($20 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of CA$24.3 million ($19.2 million) in cash.
The purpose of the transaction, which represents a repurchase of a portion of the notes at a 5.25% discount to par value, was to reduce the company's debt and annual cash interest costs. Annual cash interest savings from the repurchases of notes made from Q3 2022 onwards now total CA$9.5 million ($7.5 million).
