Atrium Mortgage Investment Corporation closed its previously announced public offering of $35 million aggregate principal amount of 5.50 per cent convertible unsecured subordinated debentures due September 30, 2021.
The offering was carried out through a syndicate of underwriters bookrun by TD Securities Inc. and RBC Capital Markets and co-led by CIBC, and including BMO Capital Markets, Scotiabank, National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Industrial Alliance Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.
On October 2, 2014, the Underwriters exercised in full their over-allotment option, resulting in the issue of an additional $5,250,000 aggregate principal amount of Debentures. The exercise of the over-allotment option brought the total aggregate principal amount of Debentures issued by Atrium to $40,250,000.
The Debentures are listed on the Toronto Stock Exchange under the symbol “AI. DB.B”.
Atrium was represented by Fogler Rubinoff LLP with a team led by Elliott Vardin and including Ian MacInnis (tax).