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Fiera Capital Corporation announces $65 million bought deal offering of 8.25% Senior Subordinated Unsecured Debentures
Fiera Capital Corporation announces $65 million bought deal offering of 8.25% Senior Subordinated...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Corporation announces $65 million bought deal 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 8, 2023\n \n \n /CNW/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ) is pleased to announce that it has entered into an agreement with RBC Capital Markets, CIBC Capital Markets, and Desjardins Capital Markets, as joint bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., Scotiabank, BMO Nesbitt Burns Inc., TD Securities Inc., Raymond James Ltd., iA Private Wealth Inc. (collectively, the \"Underwriters\"), whereby the Underwriters have agreed to purchase\n \n $65 million\n \n aggregate principal amount of senior subordinated unsecured debentures due\n \n December 31, 2026\n \n (the \"Debentures\") at a price of\n \n $1,000\n \n per Debenture (the \"Offering\"). Fiera Capital has also granted the underwriters an option to purchase up to an additional\n \n $9.75 million\n \n aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. The Offering is expected to close on or about\n \n June 29, 2023\n \n .\n \n \n The Debentures will bear interest at a rate of 8.25% per annum, payable semi-annually in arrears on\n \n June 30\n \n and\n \n December 31\n \n of each year, with the first interest payment on\n \n December 31, 2023\n \n . The\n \n December 31, 2023\n \n interest payment will represent accrued interest from the closing of the Offering, to but excluding\n \n December 31, 2023\n \n . The Debentures will mature on\n \n December 31, 2026\n \n (the \"Maturity Date\").\n \n \n The Debentures will not be redeemable before\n \n December 31, 2025\n \n (the \"Call Date\"), except upon the occurrence of a change of control of the Company in accordance with the terms of the indenture (the \"Indenture\") governing the Debentures. On and a...