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Canaccord Genuity Group Inc. completes $132.7 million treasury offering of convertible unsecured senior subordinated debentures
Canaccord Genuity Group Inc. completes $132.7 million treasury offering of convertible uns...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\nCanaccord Genuity Group Inc. completes $132.7 million treasury offering of convertible unsecured senior subordinated debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 22, 2018\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\n\n\n\nTORONTO, Aug. 22, 2018 /CNW/ - Canaccord Genuity Group Inc. (TSX:CF, \"the Company\") is pleased to announce that, further to its news release dated August 2, 2018, the Company has completed its bought deal offering of convertible unsecured senior subordinated debentures for gross proceeds of $59,225,000, including the exercise, in full, of the underwriters' over-allotment option (the \"Offered Debentures\"). The Company has also closed the concurrent non-brokered private placement with a large Canadian asset manager, for gross proceeds of $73,500,000, which together with the gross proceeds from the Offered Debentures, represent an aggregate principal amount of $132,725,000 (together with the Offered Debentures, the \"Convertible Debentures\").\n\nThe Convertible Debentures bear interest at a rate of 6.25% per annum, payable semi-annually on the last day of December and June each year commencing December 31, 2018. The Convertible Debentures are convertible at the holder's option into common shares of the Company, at a conversion price of $10.00 per common share. The Convertible Debentures mature on December 31, 2023 and may be redeemed by the Company in certain circumstances, on or after December 31, 2021. \n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. The debentures being offered, and the common shares issuable upon the conversion or redemption of the debentures, have not been and will not be registered under the U.S. Securities Act of 1933 (the \"1933 Act\") or state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from the registration requirements of the 1...