Mullen Group Ltd. Announces Full Redemption of Debentures

Author: Dylan Bailey Updated: 10-21-2025 06:45 PM

Mullen Group Ltd. Shares Its Redemption Plans for Debentures

In a significant move marking its financial strategy, Mullen Group Ltd. has announced its intention to fully redeem all outstanding 5.75% convertible unsecured subordinated debentures. This action is expected to occur on a designated date, designed to provide clarity to investors regarding their financial standing and future opportunities.

Details on the Redemption

The company has confirmed its readiness to redeem the aggregate outstanding principal amount of $125 million associated with these debentures. The payment will be made in cash and will encompass accrued and unpaid interest until the chosen redemption date. It’s important to note that following this date, interest on the debentures will cease to be payable, compelling potential actions from debentureholders.

Conversion Details for Debentureholders

Debentureholders will have the option to convert their debentures into common shares of Mullen Group until a specific time before the redemption date. This conversion window gives investors the freedom to choose according to their financial strategies. However, as the redemption date approaches, handling of debentures will be limited, underscoring the need for debentureholders to act swiftly if they wish to convert.

About Mullen Group Ltd.

Mullen Group is well recognized for its extensive portfolio of transportation and logistics companies across North America. With a legacy of strategic growth through acquisitions, it has cultivated a broad range of services including but not limited to, less-than-truckload, customs brokerage, and specialized transportation for various industries. This stronghold in logistics allows the corporation to cater to diverse customer needs and maintain a competitive edge.

Service Offerings

The company stands out by offering comprehensive services related to energy, mining, and forestry sectors, such as water management and environmental reclamation. Mullen Group’s commitment to effective service delivery is fortified by its centralized corporate office, which provides crucial support through financial, technological, and strategic resources to its independent entities.

Securities and Additional Information

Mullen Group Ltd. is publicly traded under the ticker MTL on the Toronto Stock Exchange. Stakeholders interested in more information can refer to various official sources, including the company’s website and regulatory filings that detail financial performance and strategic objectives.

Contact Information

If you have any inquiries, you may reach out to the following Mullen Group representatives:
Mr. Murray K. Mullen, Chair and Senior Executive Officer
Mr. Richard J. Maloney, Senior Operating Officer
Mr. Carson P. Urlacher, Senior Financial Officer
Ms. Joanna K. Scott, Senior Corporate Officer

Contact Address: 121A - 31 Southridge Drive, Okotoks, Alberta, Canada T1S 2N3
Telephone: 403-995-5200
Fax: 403-995-5296

Frequently Asked Questions

What is the redemption date for Mullen Group's debentures?

The redemption is planned for December 1, 2025.

How much will Mullen Group pay for the debentures?

The company will pay 100% of the outstanding principal amount, totaling $125 million, plus accrued interest.

Can debentureholders convert their debentures after the cut-off time?

No, conversion is permitted only until 5:00 PM MST on November 21, 2025.

What happens if I do not wish to convert my debentures?

If not converting, debentureholders can have their debentures redeemed in cash on the redemption date.

Where can I find more information about Mullen Group Ltd.?

Further information is available on Mullen Group's official website and through their issuer profile on regulatory platforms.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.