Feb 13 (Reuters) - Ag Growth International Inc AFN.TO :
* AGI ANNOUNCES $85 MILLION OFFERING OF SENIOR SUBORDINATED UNSECURED DEBENTURES
* AG GROWTH INTERNATIONAL INC - AGI WILL ISSUE ON "BOUGHT DEAL" BASIS $85 MILLION SENIOR SUBORDINATED UNSECURED DEBENTURES AT PRICE OF $1,000 PER DEBENTURE
* AG GROWTH INTERNATIONAL INC - NET PROCEEDS OF OFFERING WILL BE USED TO REPAY INDEBTEDNESS