trending Market Intelligence /marketintelligence/en/news-insights/trending/-AjcPFkRaBwbIHq55pF_VQ2 content esgSubNav
In This List

Firm Capital Property closes 1st tranche of C$15M private placement

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Firm Capital Property closes 1st tranche of C$15M private placement

Firm Capital Property Trust grossed roughly C$7.1 million at the close of the first tranche of its nonbrokered private placement of its trust units.

The diversified Toronto-based real estate investment trust sold 1,140,040 trust units at C$6.25 per unit.

Firm Capital is selling a total of 2,400,000 trust units to raise a maximum of C$15.0 million. Net proceeds will be used for acquisitions, to repay debt under its credit facility and for working capital and general trust purposes.

The placement is expected to close in tranches, with completion scheduled on or prior to July 31.