trending Market Intelligence /marketintelligence/en/news-insights/trending/weKbFXjUAwUFX0jhXQCI3A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Atrium Mortgage Investment to offer C$25M in subordinated debentures

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Atrium Mortgage Investment to offer C$25M in subordinated debentures

Toronto-based Atrium Mortgage Investment Corp. is offering C$25 million of 5.60% convertible unsecured subordinated debentures due March 21, 2025.

The debentures may be converted into the company's common shares at a conversion price of C$14.75 per share.

Atrium also granted the underwriters a 30-day option to purchase up to an additional C$3.75 million of the debentures. If the overallotment option is fully exercised, gross proceeds are expected to be about C$28.8 million.

Net proceeds from the offering will be used to repay all of the company's outstanding 6.25% convertible unsecured subordinated debentures due March 31, and/or repay existing debt under its revolving operating credit facility.

The offering is expected to close on or about March 29.

TD Securities Inc. and RBC Capital Markets are the offering's book runners, and it is being co-led by CIBC Capital Markets.