12:43 PM EDT, 06/03/2025 (MT Newswires) -- Fiera Capital ( FRRPF ) on Tuesday said it completed a bought-deal offering of $70 million of 7.75% senior subordinated unsecured debentures at $1,000 per debenture.

The debentures will mature on June 30, 2030 and will commence trading on the Toronto Stock Exchange under the symbol "FSZ.DB.C".

Proceeds will be used to fund the redemption of its 8.25% senior subordinated unsecured debentures due Dec. 31, 2026 that it intends to effect on the first call-date, Dec. 31, and for general corporate purposes.

The company also granted the underwriters an option to buy up to an additional $10.5 million of debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following the closing of the offering.

Shares of the company were last seen up $0.15 to $5.69 on the Toronto Stock Exchange.

Price: 5.67, Change: +0.13, Percent Change: +2.35