MONTREAL, April 20,
2022 /CNW/ - Fiera Capital Corporation ("Fiera
Capital" or the "Company") (TSX: FSZ), a leading
independent asset management firm, is pleased to announce that it
has amended and extended its senior unsecured revolving facility
(the "Credit Facility").
The Credit Facility, as amended, extends the maturity date from
June 30, 2023 to April 20, 2026 and provides for an increase in
borrowing capacity from C$600 million
to C$700 million. The extension and
increase were unanimously supported by the existing group of
lenders in the syndicate and pricing and financial covenants remain
largely unchanged. As at March 31,
2022, C$429 million was drawn
under the Credit Facility.
"The renewal of our credit facility, which extends the
maturity date to April 2026, provides
Fiera Capital with the added financial flexibility to manage
upcoming debenture maturities, as we look to implement an optimal
capital structure," said Lucas
Pontillo, Executive Vice President and Global Chief
Financial Officer. "The successful facility refinancing
re-affirms the support and confidence our lenders afford us, as we
continue to prioritize investing in organic growth and allocating
capital efficiently, including the prudent management of our
overall leverage position."
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm
with a growing global presence and approximately C$174.5 billion in assets under management as of
March 31, 2022. The Company delivers
customized and multi-asset solutions across public and private
market asset classes to institutional, financial intermediary and
private wealth clients across North
America, Europe and key
markets in Asia. Fiera Capital's
depth of expertise, diversified investment platform and commitment
to delivering outstanding service are core to our mission of being
at the forefront of investment management science to create
sustainable wealth for clients. Fiera Capital trades under the
ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
In the U.S., asset management services are provided by the
Company's affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation,
including the Company's annual information form, is available
on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation