tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Fiera Capital Retires $67.25 Million in Senior Subordinated Debentures Ahead of Maturity

Story Highlights
  • Fiera Capital has completed redemption of $67.25 million in senior subordinated unsecured debentures.
  • The early repayment removes high-cost debt, potentially enhancing Fiera Capital’s financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fiera Capital Retires $67.25 Million in Senior Subordinated Debentures Ahead of Maturity

Claim 70% Off TipRanks Premium

Fiera Capital A ( (TSE:FSZ) ) has provided an announcement.

Fiera Capital Corporation has fully redeemed the remaining $67.25 million principal amount of its 8.25% senior subordinated unsecured debentures, which were originally due to mature on December 31, 2026. The completion of this redemption removes a relatively high-cost layer of debt from the company’s capital structure, potentially improving its financial flexibility and interest expense profile as it continues to position itself in the competitive global asset management industry.

The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$6.50 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 A’s overall score is driven by strong financial performance in terms of operational efficiency and cash generation, despite challenges with revenue growth and leverage. The technical analysis suggests bearish momentum, while valuation metrics are favorable with a high dividend yield. Earnings call and corporate events provide mixed but generally positive insights, contributing to a moderate overall score.

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

More about Fiera Capital A

Fiera Capital Corporation is a Montreal-headquartered independent asset management firm with a growing global presence, offering customized and multi-asset investment solutions across public and private markets. It serves institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East, and operates through affiliates in more than a dozen cities worldwide, trading on the Toronto Stock Exchange under the ticker FSZ.

Average Trading Volume: 349,302

Technical Sentiment Signal: Sell

Current Market Cap: C$657.9M

For an in-depth examination of FSZ stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1