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Fiera Capital Corporation Announces Private Placement with the Fonds de solidarité FTQ of $100 Million Principal Amount Senior Subordinated Unsecured Debenture
Fiera Capital Corporation Announces Private Placement with the Fonds de solidarité F...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Capital Corporation Announces Private Placement with the Fonds de solidarité FTQ of $100 Million Principal Amount Senior Subordinated Unsecured Debenture\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 23, 2022\n \n \n /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ) is pleased to announce that it has completed today the private placement of a senior subordinated unsecured debenture in a principal amount of\n \n $100 million\n \n (the \"Debenture\") to Fonds de solidarité FTQ issued at par.\n \n \n The Debenture bears interest at a rate of 6.00% per annum, payable semi-annually in arrears, and will mature on\n \n June 30, 2027\n \n . The Debenture will be redeemable in whole or in part at the Company's option, before\n \n June 30, 2026\n \n , 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 June 30, 2026, at par plus accrued and unpaid interest.\n \n \n 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 5.60% senior subordinated unsecured debentures maturing\n \n July 31, 2024\n \n .\n \n \n The net proceeds of the private placement of the Debenture will be used in connection with the previously announced redemption of all of the\n \n $86.25 million\n \n aggregate principal amount of its 5.00% convertible unsecured subordinated debentures due June 30, 2023, which will be completed on June 30, 2022, and the remaining balance will be applied against amounts drawn under the Company's revolving credit facility.\n \n \...