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

1 minute read
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.

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