- Stagwell Inc STGW subsidiary, Midas OpCo Holdings LLC, priced an additional $50 million 5.625% senior unsecured notes due 2029 in a secondary in a private institutional offering.
- The offering proceeds will help to reduce credit facility borrowings and for general corporate purposes.
- Midas recently raised $1 billion in a separate private offering.
- Stagwell held $184.3 million in long-term debt as of Jun. 30.
- Price Action: STGW shares traded lower by 1.05% at $6.58 on the last check Wednesday.
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STGWStagwell Inc
$4.34-2.36%
Edge Rankings
Momentum
11.81
Growth
Not Available
Quality
Not Available
Value
35.15
Price Trend
Short
Medium
Long
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