Core Viewpoint - Atrium Mortgage Investment Corporation has announced an agreement to issue $30 million in 6.00% convertible unsecured subordinated debentures, with an option for an additional $4.5 million, to repay existing debt and fund future mortgage opportunities [1][2]. Group 1: Offering Details - The offering consists of 6.00% convertible unsecured subordinated debentures due September 30, 2032, priced at $1,000 each [1]. - The total gross proceeds could reach $34.5 million if the over-allotment option is fully exercised [1]. - The expected closing date for the offering is around June 30, 2025, pending necessary approvals [2]. Group 2: Debenture Terms - The debentures will accrue interest at 6.00% per annum, payable semi-annually starting March 31, 2026 [3]. - Holders can convert the debentures into common shares at a conversion price of $13.65, subject to adjustments [3]. - The debentures are direct, unsecured obligations of Atrium and are subordinated to other senior debts [4]. Group 3: Redemption and Repayment - The debentures are not redeemable before September 30, 2028, with specific conditions for redemption thereafter [5]. - Atrium has the right to repay the principal amount through the issuance of common shares, and can also pay interest in common shares [6]. Group 4: Company Overview - Atrium is a non-bank provider of residential and commercial mortgages, focusing on major urban centers in Canada [9]. - The company aims to provide stable dividends and preserve shareholder equity by adhering to conservative risk parameters [9]. - Atrium operates as a Mortgage Investment Corporation (MIC) under Canadian tax law, allowing it to avoid taxation on income if distributed as dividends [10].

Core Viewpoint - Premium Brands Holdings Corporation has announced a bought-deal offering of $150 million in convertible unsecured subordinated debentures, with potential total gross proceeds of $172.5 million if the over-allotment option is exercised [1][2][3] Group 1: Offering Details - The company will issue $150,000,000 aggregate principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture [1] - An over-allotment option allows underwriters to purchase an additional $22,500,000 in debentures, potentially raising total gross proceeds to $172,500,000 [1] - The closing of the offering is expected around March 19, 2025, subject to regulatory approvals [6] Group 2: Use of Proceeds - Net proceeds from the offering will be used to repay existing indebtedness under credit facilities, which will then be available for the redemption of the 4.65% debentures, future acquisitions, capital projects, and general corporate purposes [3] Group 3: Debenture Terms - The debentures will bear interest at 5.50% per annum, payable semi-annually, with a maturity date of March 31, 2030 [4] - Holders can convert the debentures into common shares at a conversion price of $126.15 per share, equating to 7.9271 shares for each $1,000 principal amount [5]