Fiera Capital Announces $60 Million Debenture Offering

Fiera Capital A ( (TSE:FSZ) ) just unveiled an update.

Fiera Capital Corporation has announced a $60 million bought deal offering of 7.75% senior subordinated unsecured debentures due June 30, 2030. The offering, led by a syndicate of underwriters, is expected to close on or about June 3, 2025. The proceeds will be used to fund the redemption of the company’s existing 8.25% debentures due December 31, 2026, and for general corporate purposes. This strategic financial move aims to optimize Fiera Capital’s debt structure by replacing higher interest debt with lower interest obligations, potentially improving the company’s financial flexibility and cost of capital.

The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.

Spark’s Take on TSE:FSZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:FSZ is a Neutral.

Fiera Capital’s overall stock score reflects its mixed financial performance, with stable revenue overshadowed by declining profitability and high leverage. The bearish technical indicators and concerns over valuation add to the cautious outlook. While strategic moves from the earnings call offer some optimism, the company must address its financial challenges to improve its stock performance.

To see Spark’s full report on TSE:FSZ stock, click here.

More about Fiera Capital A

Average Trading Volume: 412,867

Technical Sentiment Signal: Sell

Current Market Cap: C$634.2M

See more insights into FSZ stock on TipRanks’ Stock Analysis page.