Mullen Group Ltd. Plans to Fully Redeem Convertible Debentures

Author: Dylan Bailey Updated: 10-21-2025 06:58 PM

Mullen Group Ltd. Plans Debenture Redemption

Mullen Group Ltd. has made an important announcement regarding its 5.75% convertible unsecured subordinated debentures. The corporation expressed its intention to redeem all outstanding debentures in full, showcasing its robust financial strategies and forward-looking approach.

Details of the Redemption

The redemption is scheduled for December 1, 2025. Mullen Group will pay a redemption price equal to 100% of the outstanding principal amount of $125 million, along with accrued and unpaid interest until the redemption date. This decision underscores Mullen Group's commitment to ensuring financial stability and liquidity for its operational needs.

Conversion Period for Debentures

It is important for debentureholders that the conversion of debentures into common shares will be available until 5:00 PM MST on November 21, 2025. The trustees will not transfer or exchange any debentures in the five business days preceding the redemption date, so holders are encouraged to act promptly to convert their holdings if they desire.

The Importance of Debentureholders Staying Informed

Mullen Group encourages all individuals holding debentures to consult their financial institutions for guidance on redemption instructions. This proactive step ensures they do not miss critical deadlines for conversion requests, which may be set ahead of the official cutoff time by their institutions.

About Mullen Group Ltd.

Mullen Group is a distinguished public company with a rich history in the transportation and logistics sectors. The company boasts one of the most comprehensive logistics portfolios in North America, providing a suite of services that range from transportation and warehousing to specialized hauling and logistical operations. With its expansive network of independently operated businesses, Mullen Group addresses diverse market needs, including sectors such as energy, mining, and construction.

Corporate Information

Mullen Group Ltd. is publicly traded on the Toronto Stock Exchange under the ticker symbol MTL. For in-depth information regarding the corporation's financial strategies, operations, and market offerings, potential investors and interested parties are invited to visit Mullen Group's official website for further insights.

Contact Mullen Group

For any inquiries, please reach out to the following corporate leadership team:
Mr. Murray K. Mullen - Chair, Senior Executive Officer and President
Mr. Richard J. Maloney - Senior Operating Officer
Mr. Carson P. Urlacher - Senior Financial Officer
Ms. Joanna K. Scott - Senior Corporate Officer

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 price for the debentures?

The redemption price is 100% of the outstanding principal amount, which totals $125 million, plus accrued and unpaid interest.

When is the redemption date set?

The redemption date is December 1, 2025.

How can debentureholders convert their debentures?

Debentureholders can convert their debentures into common shares until 5:00 PM MST on November 21, 2025.

What is the ticker symbol for Mullen Group Ltd.?

Mullen Group Ltd. is listed on the Toronto Stock Exchange under the ticker symbol MTL.

Who should debentureholders contact for further information?

Debentureholders should contact their financial institutions for redemption instructions and to ensure their requests are submitted on time.

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.