Fiera Capital Corporation announces $60 million bought deal offering of 7.75% Senior Subordinated Unsecured Debentures

Core Viewpoint - Fiera Capital Corporation has announced an agreement to issue $60 million in senior subordinated unsecured debentures, with an option for an additional $9 million, to fund the redemption of existing debentures and for general corporate purposes [1][5]. Group 1: Offering Details - The debentures will have a principal amount of $1,000 each and will bear an interest rate of 7.75% per annum, payable semi-annually [2][5]. - The offering is expected to close around June 3, 2025, and the first interest payment will be made on December 31, 2025 [1][2]. Group 2: Redemption Terms - The debentures are not redeemable before June 30, 2028, except in the event of a change of control [3]. - After the first call date, the debentures can be redeemed at a price of 103.875% of the principal amount plus accrued interest until June 30, 2029, after which they can be redeemed at par plus accrued interest [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to redeem the Company's existing 8.25% senior subordinated unsecured debentures due December 31, 2026, and for general corporate purposes [5]. Group 4: Legal and Regulatory - A preliminary short form prospectus will be filed with securities regulatory authorities in Canada, and the offering is subject to customary regulatory approvals [7]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [8]. Group 5: Company Overview - Fiera Capital is an independent asset management firm with a global presence, providing customized solutions across various asset classes to institutional and private wealth clients [12]. - The company is headquartered in Montreal and has offices in major cities worldwide, including New York, London, Hong Kong, and Abu Dhabi [13].