Wildpack Provides Update on Outstanding Debenture Payments
Wildpack Beverage (OTC:WLDPF) has defaulted on its C$20 million 8% senior unsecured convertible debentures payment due June 30, 2025, plus C$2.4 million in accrued interest. The company faces additional debt obligations including C$20 million due November 2025 and C$5.007 million due March 2026.
The company is actively engaging with stakeholders to restructure its debt and seeking additional financing for operations. No extension has been secured, and while no payment demand has been received from the trustee, there's no guarantee of successful debt restructuring or timely transaction completion.
Wildpack Beverage (OTC:WLDPF) ha mancato il pagamento dei suoi debentures convertibili senior non garantiti da 20 milioni di C$ con tasso dell'8% previsto per il 30 giugno 2025, oltre a 2,4 milioni di C$ di interessi maturati. L'azienda deve inoltre affrontare ulteriori obbligazioni debitorie, tra cui 20 milioni di C$ con scadenza a novembre 2025 e 5,007 milioni di C$ con scadenza a marzo 2026.
L'azienda sta collaborando attivamente con le parti interessate per ristrutturare il debito e sta cercando finanziamenti aggiuntivi per le operazioni. Non è stata ottenuta alcuna proroga e, sebbene non sia stata ricevuta alcuna richiesta di pagamento dal trustee, non vi è alcuna garanzia di una ristrutturazione del debito riuscita o di un completamento tempestivo della transazione.
Wildpack Beverage (OTC:WLDPF) ha incumplido el pago de sus bonos convertibles senior no garantizados de 20 millones de C$ al 8% con vencimiento el 30 de junio de 2025, además de 2,4 millones de C$ en intereses acumulados. La compañía enfrenta obligaciones adicionales de deuda, incluyendo 20 millones de C$ con vencimiento en noviembre de 2025 y 5,007 millones de C$ con vencimiento en marzo de 2026.
La empresa está activamente en diálogo con las partes interesadas para reestructurar su deuda y busca financiamiento adicional para sus operaciones. No se ha asegurado ninguna prórroga y, aunque no se ha recibido ninguna demanda de pago por parte del fiduciario, no hay garantía de que la reestructuración de la deuda tenga éxito ni de que la transacción se complete a tiempo.
Wildpack Beverage (OTC:WLDPF)는 2025년 6월 30일 만기인 2,000만 캐나다 달러, 연 8% 무담보 전환사채의 상환을 하지 못했으며, 240만 캐나다 달러의 미지급 이자도 발생했습니다. 회사는 2025년 11월 만기 2,000만 캐나다 달러 및 2026년 3월 만기 500.7만 캐나다 달러의 추가 채무도 보유하고 있습니다.
회사는 채무 구조조정을 위해 이해관계자들과 적극적으로 협의 중이며, 운영 자금 확보를 위한 추가 자금 조달도 모색하고 있습니다. 아직 연장 계약은 확보하지 못했으며, 수탁자로부터 지급 요구는 없었으나 채무 구조조정의 성공이나 거래의 적시 완료를 보장할 수 없습니다.
Wildpack Beverage (OTC:WLDPF) a fait défaut sur le paiement de ses obligations convertibles senior non garanties de 20 millions de C$ à 8% échéant le 30 juin 2025, ainsi que 2,4 millions de C$ d’intérêts courus. La société fait face à d’autres obligations de dette, notamment 20 millions de C$ dus en novembre 2025 et 5,007 millions de C$ dus en mars 2026.
La société est activement engagée avec les parties prenantes pour restructurer sa dette et recherche un financement supplémentaire pour ses opérations. Aucune prolongation n’a été obtenue et, bien qu’aucune demande de paiement n’ait été reçue du fiduciaire, il n’y a aucune garantie de réussite de la restructuration de la dette ni d’achèvement dans les délais de la transaction.
Wildpack Beverage (OTC:WLDPF) hat die Zahlung seiner 20 Millionen C$ 8% Senior unbesicherten wandelbaren Schuldverschreibungen zum Fälligkeitsdatum 30. Juni 2025 nicht geleistet, sowie 2,4 Millionen C$ aufgelaufene Zinsen. Das Unternehmen steht vor weiteren Schuldenverpflichtungen, darunter 20 Millionen C$ fällig im November 2025 und 5,007 Millionen C$ fällig im März 2026.
Das Unternehmen arbeitet aktiv mit den Beteiligten zusammen, um seine Schulden umzustrukturieren und sucht zusätzliche Finanzierung für den Betrieb. Es wurde keine Verlängerung gesichert, und obwohl keine Zahlungsaufforderung vom Treuhänder eingegangen ist, gibt es keine Garantie für eine erfolgreiche Schuldenrestrukturierung oder eine rechtzeitige Abwicklung der Transaktion.
- None.
- Default on C$20 million debenture payment plus C$2.4 million interest due June 30, 2025
- Additional C$20 million debt plus C$2.4 million interest due November 2025
- Further C$5.007 million debt plus C$600,840 interest due March 2026
- Company requires debt restructuring and additional financing for operations
VANCOUVER, BC / ACCESS Newswire / July 3, 2025 / Wildpack Beverage Inc. (TSXV:CANS)(OTC PINK:WLDPF) ("Wildpack" or the "Company") announced today that it was unable to pay the outstanding principal and interest on its
The aggregate principal amount of debentures due for payment is C
The Company also has an additional C
As previously disclosed, the Company continues to be actively engaged in discussions with various stakeholders to restructure the Company's debt. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the Company's current debt structure and obtaining additional financing necessary to fund ongoing operations. There can be no assurance that the current process will result in a transaction or, if a transaction is undertaken, that it will be successfully concluded in a timely manner or at all.
About Wildpack
Wildpack provides beverage manufacturing and packaging to the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, and logistics to customers throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of four facilities in Baltimore, Maryland; Grand Rapids, Michigan; Austin, Texas, and Las Vegas, Nevada. Wildpack commenced trading on the TSX Venture Exchange under the symbol "CANS" on May 19, 2021.
Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to the ability of the Company extend the due date for its debentures or to restructure its debt and the associated transactions to be completed in connection therewith. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks including but not limited to risks related to the ability of the Company extend the due date for its debentures or to restructure its debt and the associated transactions to be completed in connection therewith. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe", or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties, and conditions, many of which are outside of Wildpack's control, and undue reliance should not be placed on such statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties related to Wildpack's business, including that Wildpack's assumptions in making forward-looking statements may prove to be incorrect. Except as required by securities law, Wildpack does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise
WILDPACK BEVERAGE INC.
Per: "Mitch Barnard"
Mitch Barnard
Chief Executive Officer and Director
For further information, please contact us at:
invest@wildpackbev.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Wildpack Beverage Inc.
View the original press release on ACCESS Newswire
FAQ
What is the total amount of debt Wildpack Beverage (WLDPF) defaulted on in June 2025?
What is Wildpack Beverage's (WLDPF) total outstanding debt as of July 2025?
What actions is Wildpack Beverage (WLDPF) taking to address its debt situation?
When are Wildpack Beverage's (WLDPF) next major debt payments due?
Has the trustee demanded payment from Wildpack Beverage (WLDPF) for the defaulted debentures?
