Business
Fiera Capital Announces the Completion of a $100 Million Debenture Refinancing with Fonds de solidarité FTQ
Fiera Capital Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) is pleased to announce the completion of a private placement of a senior subordinated unsecured debenture in a principal amount of $100 million (the "Debenture") to Fonds de solidarité FTQ issued at par, concurrently with the redemption of its 6.00% senior subordinated unsecured debenture due June 30, 2027, previously issued to Fonds de solidarité FTQ, at its principal amount of $100 million.
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"MONTREAL, May 4, 2026 /CNW/ - Fiera Capital Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) is pleased to announce the completion of a private placement of a senior subordinated unsecured debenture in a principal amount of $100 million (the "Debenture") to Fonds de solidarité FTQ issued at par, concurrently with the redemption of its 6.00% senior subordinated unsecured debenture due June 30, 2027, previously issued to Fonds de solidarité FTQ, at its principal amount of $100 million.","length":547,"tagName":"p"},{"type":"text","content":"The Debenture bears interest at a rate of 7.40% per annum, payable semi-annually in arrears, and will mature on April 30, 2031. The Debenture will be redeemable in whole or in part at the Company's option, before April 30, 2030, at a price equal to the principal plus accrued and unpaid interest and a premium calculated in accordance with the terms of the Debenture and, on or after April 30, 2030, at par plus accrued and unpaid interest.","length":444,"tagName":"p"},{"type":"text","content":"The Company will have the option to satisfy the redemption price or repay the principal amount of the Debenture due at redemption or maturity and pay interest on the Debenture on each interest payment date by issuing and delivering freely tradeable Class A subordinate voting shares. The Debenture will not be convertible into Class A subordinate voting shares at the option of the holder. The Debenture ranks pari passu with the Company's 7.75% senior subordinated unsecured debentures due June 30, 2030.","length":509,"tagName":"p"},{"type":"text","content":""We are pleased to refinance our debenture with Fonds de solidarité FTQ, a valued long-term partner. This refinancing is aligned with our objective of maintaining a prudent and flexible capital structure. It strengthens our ability to execute on our priorities while continuing to position Fiera Capital for long-term, sustainable value creation." said Lucas Pontillo, Executive Director, Global Chief Financial Officer and Head of Corporate Strategy at Fiera Capital.","length":478,"tagName":"p"},{"type":"text","content":"About Fiera Capital Corporation","length":31,"tagName":"p"},{"type":"text","content":"Fiera Capital is a leading independent asset management firm with a global presenc...