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Fiera Capital Corporation announces completion of previously announced $70 million bought deal public offering of 7.75% Senior Subordinated Unsecured Debentures
Fiera Capital Corporation announces completion of previously announced $70 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 $70 million bought deal public offering of 7.75% 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 3, 2025\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 $70 million\n \n aggregate principal amount of 7.75% 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 7.75% 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, 2025\n \n . The Debentures will mature on\n \n June 30, 2030\n \n . The Debentures will commence trading on the Toronto Stock Exchange under the symbol \"FSZ.DB.C\".\n \n\n The net proceeds of this Offering will be used to fund the redemption of the Company's 8.25% Senior Subordinated Unsecured Debentures due\n \n December 31, 2026\n \n (the \"2026 Debentures\") that the Company intends to effect on the first call-date,\n \n December 31, 2025\n \n , and for general corporate purposes. Pending such use, the net proceeds from the Offering will temporarily be used by the Company to reduce indebtedness under the Company's unsecured revolving credit facility. The foregoing is not a redemption notice with respect to the 2026 Debentures. Any redemption of the 2026 Debentures will be made pursuant to a notice of redemption under the indenture governing those securities.\n \n\n Scotiabank, CIBC Capital Markets, Desjardins Capital Markets and RBC Capital Markets acted as joint-bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., BMO Ca...