05:22 PM EDT, 10/06/2025 (MT Newswires) -- Firm Capital Mortgage Investment ( FCMGF ) on Monday said it will raise $20 million in a bought-deal debenture offering.

The company is selling an underwriting syndicate 5.50% convertible unsecured subordinated debentures due October 31, 2030. The debentures will be issued at par and will bear interest at 5.50% at a price of $1,000 per debenture.

The company has granted the underwriters an option to purchase up to an additional $3 million in debentures within 30 days of closing to cover over-allotments. Net proceeds will be used to repay existing indebtedness and for general corporate purposes.

The debentures will be convertible into shares priced at $14.06 at any time prior to maturity.

Shares of Firm Capital Mortgage Investment ( FCMGF ) closed down $0.09 to $12.23 on the Toronto Stock Exchange.