FINWIRES · TerminalLIVE
FINWIRES

Fiera Capital Completes $100 Million Debenture Offering

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-- Fiera Capital (FSZ.TO) has completed a $100 million debenture private placement debenture offering, the company said on Monday.

The unsecured 7.40% debentures were issued at par to Fonds de solidarite FTQ, and mature on April 31, 2031. Fiera concurrently redeemed its 6.00% debentures due June 30, 2027, previously issued to Fonds de solidarite FTQ, at its principal amount of $100 million.

"We are pleased to refinance our debenture with Fonds de solidarite FTQ, a valued long-term partner. This refinancing is aligned with our objective of maintaining a prudent and flexible capital structure. It strengthens our ability to execute on our priorities while continuing to position Fiera Capital for long-term, sustainable value creation." said Lucas Pontillo, global chief financial officer.

Fiera Capital closed down $0.11, to $5.65 on Friday, on the Toronto Stock Exchange.

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