Algoma Central Corporation has closed its offering of $70,000,000 in convertible debentures. The financing was led by CIBC World Markets Inc.
Amount Raised
C$70 Million
Round Type
Convertible Note
St. CatharinesOil And GasTransportationLogisticsFleet ManagementInvestors
Description
Algoma Central Corporation has successfully completed its offering of $70 million in convertible unsecured subordinated debentures. These debentures yield 6.20% and were offered at $1,000 each. The financing was conducted on a bought deal basis. This is a significant step for Algoma as it secures vital capital.
Quick answer
Algoma Central Corporation raised C$70 Million in a Convertible Note round, dated November 4, 2026. Investors: CIBC World Markets Inc. Algoma Central Corporation is based in St. Catharines, Ontario, Canada.
- How much did Algoma Central Corporation raise?
- Algoma Central Corporation raised C$70 Million in a Convertible Note round on November 4, 2026.
- Who invested in Algoma Central Corporation?
- CIBC World Markets Inc. is named as investors in this round.
- What does Algoma Central Corporation do?
- Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally.
- Where is Algoma Central Corporation based and how big is it?
- Algoma Central Corporation is based in St. Catharines, Ontario, Canada. Fundz records about 572 employees.
- Who are the decision-makers at Algoma Central Corporation?
- Fundz holds 5 contacts at Algoma Central Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Oil And Gas and Transportation around the same time
Companies in the same sectors as Algoma Central Corporation that raised within 45 days of this round, from Fundz verified event records.
- Transportation and Logistics Systems raised $50K (Debt Financing) on October 27, 2026.
- Port raised $16M on November 10, 2026.
- PORT raised $16M on November 10, 2026.
- Indrus raised $525K (Pre-Seed) on November 5, 2026.
- Carryt raised an undisclosed amount (Corporate Round) on November 3, 2026.
- WeFly Aviation raised $15M (Series A) on October 28, 2026.
Who to call at Algoma Central Corporation, and when
A new round usually means Algoma Central Corporation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Algoma Central Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Algoma Central Corporation, from your own LinkedIn network
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