Fiera Capital Corporation announces increase to previously announced bought deal offering of 7.75% Senior Subordinated Unsecured Debentures to $70 million

Core Viewpoint - Fiera Capital Corporation has revised its agreement with underwriters to increase the size of its bought deal offering of senior subordinated unsecured debentures to $70 million due to strong demand [1] Group 1: Offering Details - The offering consists of senior subordinated unsecured debentures priced at $1,000 each, with an expected closing date around June 3, 2025 [1] - The debentures will bear an interest rate of 7.75% per annum, payable semi-annually, with the first payment on December 31, 2025 [2] - The maturity date for the debentures is set for June 30, 2030 [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] - Until the proceeds are used for redemption, they will temporarily reduce indebtedness under the Company's unsecured revolving credit facility [5] Group 4: Legal and Regulatory Aspects - A preliminary short form prospectus will be filed with securities regulatory authorities across 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]