06:52 AM EDT, 07/11/2025 (MT Newswires) -- Mullen Group ( MLLGF ) late on Thursday said it has closed a private placement of $400 million of senior secured notes due July 10, 2037.

The notes consist of US$50 million with a yield of 6.9% per year and $325 million with a yield of 6% per year.

Proceeds from the offering will be used to prepay Mullen's existing private placement debt maturing in October 2026 and for general corporate purposes.