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Exchange Income Corporation Announces Closing of $115,000,000 Debenture Offering, Including the Full Exercise of Over-Allotment Option
Exchange Income Corporation Announces Closing of $115,000,000 Debenture Offering, Includi...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n \n \n \n Exchange Income Corporation Announces Closing of $115,000,000 Debenture Offering, Including the Full Exercise of Over-Allotment Option\n \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 Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - Exchange Income Corporation (TSX: EIF) (the \"Corporation\" or \"EIC\") announced today that it has closed its previously announced bought deal offering (the \"Offering\") of 7 Year 5.25% convertible unsecured subordinated debentures due\n \n January 15, 2029\n \n (the \"Debentures\").  At the closing of the Offering, the Corporation issued\n \n $115,000,000\n \n principal amount of Debentures to the underwriters of the Offering, which includes the exercise in full of the\n \n $15,000,000\n \n over-allotment option granted to the underwriters for the Offering.\n \n \n The Offering was co-led by National Bank Financial Inc. and CIBC Capital Markets and the syndicate included Raymond James Ltd., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Cormark Securities Inc., Laurentian Bank Securities Inc., Wellington-Altus Private Wealth Inc., ATB Capital Markets Inc. and iA Private Wealth Inc.\n \n \n The Debentures are listed for trading on the Toronto Stock Exchange under the symbol \"EIF.DB.M\".\n \n \n The Corporation intends to use the net proceeds of the Offering to repay indebtedness, including the Corporation's existing series of convertible debentures maturing\n \n December 31, 2022\n \n , which become redeemable as of\n \n December 31, 2021\n \n , and for general corporate purposes.\n \n \n \n About Exchange Income Corporation\n \n \n \n Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy...