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Fiera Capital Corporation announces completion of previously announced $100 million bought deal public offering of 5.60% Senior Subordinated Unsecured Debentures
Fiera Capital Corporation announces completion of previously announced $100 million bought...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Capital Corporation announces completion of previously announced $100 million bought deal public offering of 5.60% Senior Subordinated Unsecured 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\nMONTREAL, July 4, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, July 4, 2019 /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ) is pleased to announce that it has completed its previously announced bought deal public offering of $100 million aggregate principal amount of 5.60% senior subordinated unsecured debentures (the \"Debentures\") at a price of $1,000 per Debenture (the \"Offering\"). The Debentures bear interest at a rate of 5.60% per annum, payable semi-annually in arrears on January 31 and July 31 of each year, with the first interest payment on January 31, 2020. The Debentures will mature on July 31, 2024. The Debentures will commence trading on the Toronto Stock Exchange under the symbol \"FSZ.DB.A\".\nThe Company intends to use the net proceeds of the Offering to fund recently announced acquisitions, to repay indebtedness and for general corporate purposes. CIBC Capital Markets and RBC Capital Markets acted as joint-bookrunners and co-leads, on behalf of a syndicate co-led by Desjardins Capital Markets, BMO Capital Markets and Scotiabank.\nThe Company has also granted the underwriters an option to purchase up to an additional $10 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following the closing of the Offering.\nThe securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sa...