On June 3, 2025, Fiera Capital Corporation, a leading independent asset management firm, completed a bought deal public offering of $70 million aggregate principal amount of 7.75% senior subordinated unsecured debentures at a price of $1,000 per debenture.
Scotiabank, CIBC Capital Markets, Desjardins Capital Markets and RBC Capital Markets acted as joint-bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd.
The debentures bear interest at a rate of 7.75% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, and will mature on June 30, 2030. The debentures trade on the Toronto Stock Exchange under the symbol "FSZ.DB.C".
Fasken represented Fiera with a team that included Jean Michel Lapierre, Jean-Pierre Chamberland and Alexandra Freedman (capital markets), Félix Gutierrez (financial institutions) and Andrew Haikal and Youcef Belrachid (tax).
Jurisdiction
- Québec
