Firm Capital Mortgage Investment Corporation completes $46 million bought deal financing

On September 3, 2021, Firm Capital Mortgage Investment Corporation (TSX: FC) announced that it had closed its previously announced public offering of $40 million aggregate principal amount of 5.00% convertible unsecured subordinated debentures due September 30, 2028 of the Corporation. The underwriters subsequently exercised their over-allotment option in full, resulting in the issue of an additional $6 million aggregate amount of debentures.

The offering was underwritten by a syndicate of underwriters bookrun by TD Securities Inc., National Bank Financial Inc. and CIBC Capital Markets, and including Scotiabank, Canaccord Genuity Corp., RBC Capital Markets, Desjardins Securities Inc., Echelon Wealth Partners Inc., iA Private Wealth Inc. and Raymond James Ltd. 

Gowling WLG advised the underwriters with a team that included Bryce Kraeker, Radhika Vaidyanathan and Lee Sykes (corporate/securities) and Mariam Al-Shikarchy (tax).