Firm Capital Mortgage Investment Corporation closes $25 million bought deal financing

21 June 2018

On June 21, 2018, Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) announced that it had closed its previously announced bought deal offering of $25,000,000 aggregate principal amount of 5.40% convertible unsecured subordinated debentures of the Corporation due June 30, 2025. 

The Corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine and equity investments.

The offering was underwritten by a syndicate of underwriters that was co-led by TD Securities Inc., CIBC Capital Markets and Scotiabank.

Bryce Kraeker and Radhika Vaidyanathan of Gowling WLG advised the underwriters in this transaction.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.