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Fiera Capital Announces Amendment and Extension of Credit Facility
Fiera Capital Announces Amendment and Extension of Credit Facility Canada NewsW...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Announces Amendment and Extension of Credit Facility\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n April 20, 2022\n \n \n /CNW/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ), a leading independent asset management firm, is pleased to announce that it has amended and extended its senior unsecured revolving facility (the \"Credit Facility\").\n \n \n The Credit Facility, as amended, extends the maturity date from\n \n June 30, 2023\n \n to\n \n April 20, 2026\n \n and provides for an increase in borrowing capacity from\n \n C$600 million\n \n to\n \n C$700 million\n \n . The extension and increase were unanimously supported by the existing group of lenders in the syndicate and pricing and financial covenants remain largely unchanged. As at\n \n March 31, 2022\n \n ,\n \n C$429 million\n \n was drawn under the Credit Facility.\n \n \n \n \"The renewal of our credit facility, which extends the maturity date to\n \n April 2026\n \n , provides Fiera Capital with the added financial flexibility to manage upcoming debenture maturities, as we look to implement an optimal capital structure,\"\n \n said\n \n Lucas Pontillo\n \n , Executive Vice President and Global Chief Financial Officer.\n \n \"The successful facility refinancing re-affirms the support and confidence our lenders afford us, as we continue to prioritize investing in organic growth and allocating capital efficiently, including the prudent management of our overall leverage position.\"\n \n \n \n \n About Fiera Capital Corporation\n \n \n \n Fiera Capital is a leading independent asset management firm with a growing global presence and approximately\n \n C$174.5 billion\n \n in assets under management as of\n \n March 31, 2022\n \n . The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across\n \n North America\n \n ,\n \n Europe\n \n and key mark...