Aurora Cannabis repurchases CA$103 million worth of debt

Aurora Cannabis has repurchased an aggregate of approximately $102.5 million (US$76.1 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of $99.4 million (US$ 73.8 million) in cash. Following completion of this repurchase, Aurora will have approximately $148 million (US$110 million) of Notes outstanding.

The purpose of the transaction, which represents a repurchase of a portion of the Notes at a 4.5% discount to par value, was to reduce the Company's debt and annual cash interest costs. Aurora has repurchased an aggregate of approximately $316.5 million (US$235 million) principal amount of its convertible senior notes over the last twelve months, resulting in annual cash interest savings of approximately $17.4 million (US$12.9 million).

"Aurora's balance sheet remains amongst the strongest in the industry, and the Company reiterates its expectation of achieving Adjusted EBITDA Profitability by December 31, 2022."

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