Business
Fiera Capital Corporation announces completion of previously announced $65 million bought deal public offering of 8.25% Senior Subordinated Unsecured Debentures
Fiera Capital Corporation announces completion of previously announced $65 million bought deal pu...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Corporation announces completion of previously announced $65 million bought deal public offering of 8.25% Senior Subordinated Unsecured Debentures\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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 29, 2023\n \n \n /CNW/ - 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\n \n $65 million\n \n aggregate principal amount of 8.25% senior subordinated unsecured debentures (the \"Debentures\") at a price of\n \n $1,000\n \n per Debenture (the \"Offering\"). The Debentures bear interest at a rate of 8.25% per annum, payable semi-annually in arrears on June 30 and\n \n December 31\n \n of each year, with the first interest payment on\n \n December 31, 2023\n \n . The Debentures will mature on\n \n December 31, 2026\n \n . The Debentures will commence trading on the Toronto Stock Exchange under the symbol \"FSZ.DB.B\".\n \n \n \n \n \n \n \n \n \n The net proceeds of this Offering will be used to partially fund the redemption of the Company's\n \n $110 million\n \n aggregate principal amount of 5.60% senior subordinated unsecured debentures due\n \n July 31, 2024\n \n (the \"2024 Debentures\") that the Company intends to effect promptly after the closing of the Offering, and for general corporate purposes. The foregoing is not a redemption notice with respect to the 2024 Debentures. Any redemption of the 2024 Debentures will be made pursuant to a notice of redemption under the indenture governing those securities.\n \n \n RBC Capital Markets, CIBC Capital Markets and Desjardins Capital Markets acted as joint-bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Raymond James Ltd. and iA Priva...