Debt Repayment

Auxly Cannabis Group Inc. has fully repaid its $5 million inventory loan to GrassHopper Capital Inc. using existing cash reserves. This move is projected to save approximately $900,000 in annual interest expenses and reflects a strategic focus on financial discipline. The repayment allows for greater capital allocation flexibility, potentially freeing up resources for future organic growth investments. CEO Hugo Alves cited growing profitability and a stable cost base driving free cash flow as reasons for prioritizing debt reduction.

Legence (LGN) successfully completed its IPO on September 12, 2025, offering 26 million Class A shares at $28 per share. Underwriters exercised part of their option, purchasing an additional 3.48 million shares. The IPO, led by Goldman Sachs and Jefferies, generated approximately $780.2 million in net proceeds. Legence plans to use these funds to repay term loan debt and for general corporate purposes, aiming for stable growth and long-term value creation.