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Atrium Mortgage Investment Corporation completes C$25M public offering of convertible unsecured subordinated debentures

Date Closed

March 29, 2019

Lead Office



25.00 Million CAD

On March 29, 2019, Atrium Mortgage Investment Corporation completed its previously announced public offering of C$25 million aggregate principal amount of 5.60% convertible unsecured subordinated debentures of Atrium due March 31, 2025.

The underwriters were bookrun by TD Securities Inc. and RBC Capital Markets and co-led by CIBC Capital Markets, and including BMO Capital Markets, National Bank Financial Inc., Scotiabank, Canaccord Genuity Corp., Industrial Alliance Securities Inc. and Raymond James Ltd.

Atrium has granted the underwriters an over-allotment option to purchase up to an additional $3.75 million aggregate principal amount of debentures, which is exercisable in whole or in part at any time for a period of up to 30 days following the closing.

Atrium, based in Toronto, provides residential and commercial mortgage loans in major urban centres in Canada.

McCarthy Tétrault LLP advised the underwriters, TD Securities Inc., with a team led by Andrew Parker that included Michael Eldridge and Saqib Butt.