Atrium Mortgage Investment Corporation Completes $25 Million Public Offering of Common Shares
Atrium Mortgage Investment (TSX: AI) has successfully completed a $25 million public offering of common shares. The company issued 2,185,000 common shares at a price of $11.45 per share. The offering was conducted through a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets.
Atrium has granted the underwriters an over-allotment option to purchase up to an additional 327,750 common shares at the same price, exercisable within 30 days of closing. The net proceeds will be used to repay existing indebtedness under Atrium's revolving operating credit facility, which will then be available for general corporate purposes, particularly funding future mortgage loan opportunities.
Atrium Mortgage Investment (TSX: AI) ha completato con successo un offerta pubblica di $25 milioni di azioni ordinarie. La società ha emesso 2.185.000 azioni ordinarie a un prezzo di $11,45 per azione. L'offerta è stata condotta attraverso un sindacato di sottoscrittori guidato da TD Securities Inc. e RBC Capital Markets.
Atrium ha concesso ai sottoscrittori un opzione di sovrallocazione per acquistare fino a ulteriori 327.750 azioni ordinarie allo stesso prezzo, esercitabile entro 30 giorni dalla chiusura. I proventi netti saranno utilizzati per rimborsare i debiti esistenti nell'ambito del programma di credito operativo rotativo di Atrium, che sarà poi disponibile per scopi aziendali generali, in particolare per finanziare future opportunità di prestito ipotecario.
Atrium Mortgage Investment (TSX: AI) ha completado con éxito una oferta pública de $25 millones de acciones ordinarias. La empresa emitió 2,185,000 acciones ordinarias a un precio de $11.45 por acción. La oferta fue realizada a través de un sindicato de suscriptores dirigido por TD Securities Inc. y RBC Capital Markets.
Atrium ha otorgado a los suscriptores una opción de sobreasignación para comprar hasta 327,750 acciones ordinarias adicionales al mismo precio, que se puede ejercer dentro de los 30 días siguientes al cierre. Los ingresos netos se utilizarán para pagar deudas existentes bajo la línea de crédito operativo rotativa de Atrium, que estará disponible para fines corporativos generales, particularmente para financiar futuras oportunidades de préstamos hipotecarios.
Atrium Mortgage Investment (TSX: AI)이 2천5백만 달러 규모의 공모를 성공적으로 완료했습니다. 이 회사는 2,185,000주의 보통주를 주당 11.45달러에 발행했습니다. 이 공모는 TD Securities Inc.와 RBC Capital Markets가 주도하는 인수단을 통해 진행되었습니다.
Atrium은 인수자에게 동일한 가격으로 추가로 최대 327,750주의 일반주를 구매할 수 있는 옵션을 부여했습니다. 이 옵션은 클로징 후 30일 이내에 행사할 수 있습니다. 발생한 순자금은 Atrium의 회전 운영 신용 시설 하의 기존 부채를 상환하는 데 사용될 것이며, 이후 일반 기업 목적으로 사용 가능할 것입니다, 특히 미래의 주택 담보 대출 기회를 위한 자금 조달을 위해 사용됩니다.
Atrium Mortgage Investment (TSX: AI) a complété avec succès une offre publique de 25 millions de dollars d'actions ordinaires. La société a émis 2,185,000 actions ordinaires à un prix de 11,45 $ par action. L'offre a été réalisée par un syndicat de souscripteurs dirigé par TD Securities Inc. et RBC Capital Markets.
Atrium a accordé aux souscripteurs une option de surallocation pour acheter jusqu'à 327,750 actions ordinaires supplémentaires au même prix, exerçable dans les 30 jours suivant la clôture. Le produit net sera utilisé pour rembourser les dettes existantes dans le cadre de la facilité de crédit opérationnel renouvelable d'Atrium, qui sera ensuite disponible pour des fins corporate générales, en particulier pour financer de futures opportunités de prêts hypothécaires.
Atrium Mortgage Investment (TSX: AI) hat erfolgreich ein Öffentliches Angebot in Höhe von 25 Millionen Dollar für Stammaktien abgeschlossen. Das Unternehmen hat 2.185.000 Stammaktien zu einem Preis von 11,45 Dollar pro Aktie ausgegeben. Das Angebot wurde durch ein Syndikat von Underwritern durchgeführt, das von TD Securities Inc. und RBC Capital Markets geleitet wurde.
Atrium hat den Underwritern eine Überzeichnungsoption eingeräumt, um bis zu 327.750 zusätzliche Stammaktien zum gleichen Preis zu erwerben, die innerhalb von 30 Tagen nach Abschluss ausgeübt werden kann. Die Nettoerlöse werden verwendet, um bestehende Verbindlichkeiten aus Atriums revolvierendem Betriebskredit zu begleichen, die dann für allgemeine Unternehmenszwecke, insbesondere zur Finanzierung zukünftiger Hypothekendarlehensmöglichkeiten, zur Verfügung stehen werden.
- Successful completion of a $25 million public offering
- Proceeds to be used for repaying existing debt and funding future mortgage loan opportunities
- Potential for additional capital through over-allotment option
- Potential dilution of existing shareholders due to new share issuance
Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.D) (TSX: AI.DB.E) (TSX: AI.DB.F) (TSX: AI.DB.G) ("Atrium") is pleased to report that it has closed its previously announced bought deal public offering (the "Offering") of 2,185,000 common shares at a price of
Atrium will use the net proceeds of the Offering to repay existing indebtedness under its revolving operating credit facility, which will then be available to be drawn, as required, for general corporate purposes, particularly funding future mortgage loan opportunities.
Further details of the Offering are described in Atrium's (final) short form prospectus dated October 1, 2024 (the "Final Prospectus") filed with Canadian securities commissions or similar regulatory authorities of each province (except Québec). A copy of the Final Prospectus is available under Atrium's profile on SEDAR+ at www.sedarplus.com.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless an exemption from registration is available. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Atrium in any jurisdiction.
About Atrium
Canada's Premier Non-Bank Lender™
Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters.
Atrium is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada), so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. For further information, please refer to regulatory filings available at www.sedarplus.com or Atrium's website at www.atriummic.com.
Forward-Looking Statements
This news release contains forward-looking statements. Much of this information can be identified by words such as "expect to," "expected," "will," "estimated" or similar expressions suggesting future outcomes or events and includes the expected use of the net proceeds of the Offering and the exercise of the over-allotment option by the underwriters. Atrium believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, those identified in the Final Prospectus and Atrium's annual information form for the year ended December 31, 2023, in each case, under the heading "Risk Factors" (copies of which may be obtained at www.sedarplus.com). Forward-looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Atrium undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For further information, please contact
Robert G. Goodall
Chief Executive Officer
John Ahmad
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225545
FAQ
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