11:03 AM EDT, 10/07/2025 (MT Newswires) -- Firm Capital Mortgage Investment ( FCMGF ) said Tuesday that it has upsized its bought-deal debenture offering by $5 million, to $25 million. Proceeds will be used to pay down debt.

The company will issue 5.5% convertible unsecured subordinated debentures due Dec. 31, 2032 at $1,000 each. The underwriters have also been granted an over-allotment option to purchase up to $3.75 million of debentures at the same price, which, if fully-exercised, will raise total proceeds to $28,.75 million.

The debentures will not be redeemable before Dec. 31, 2028.

The offering is expected to close next week, Oct. 14.

Price: 12.18, Change: -0.05, Percent Change: -0.41