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(TSX:KBL)
EDMONTON, AB, May 30, 2025 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") is pleased to announce that it has closed its previously announced bought deal offering of 2,334,500 subscription receipts of the Corporation ("Subscription Receipts") (including 304,500 Subscription Receipts issued pursuant to the exercise in full by the syndicate of Underwriters (as defined below) of their over-allotment option granted by the Corporation (the "Over-Allotment Option")) at a price of C$34.55 per Subscription Receipt, for gross aggregate proceeds of C$80,656,975 (the "Offering"). The Subscription Receipts issued pursuant to the Offering will trade on the Toronto Stock Exchange under the ticker symbol KBL.R.
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