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Toronto, March 21, 2024 /CNW/ – First National Financial Corporation (TSX: FN) (TSX: FN.PR.A) (TSX: FN.PR.B) (“First National”) today announced its intention to issue did. 200 million dollars Issuance of new senior unsecured notes.
Banknotes will be issued at the following prices: $999.91 Hit $1,000 Principal amount pursuant to a private placement pursuant to an offering memorandum expiring for a period of three years and seven months. November 1, 2027. The bond bears interest at 6.261%, payable semi-annually, with the first payment due on the 2nd. November 1, 2024. First National intends to use the net proceeds from the offering to provide financing to First National Financial LP (the “Partnership”), which will allow the Partnership to repay its indebtedness under its bank credit facility and to finance the General Partnership’s It can be used for the purpose.This offer is scheduled to end on April 1, 2024. The senior unsecured notes were co-led by RBC Capital Markets and TD Securities with support from BMO Capital Markets, CIBC Capital Markets, National Bank Financial, Scotiabank, Desjardins Securities and Laurentian Bank Securities. It was sold through a syndicate of dealers.
About First National Financial Corporation
First National Financial Corporation (TSX:FN, TSX:FN.PR.A, TSX:FN.PR.B) is a Canada-based partner primarily an originator, underwriter and servicer of single-family homes. Ship’s parent company. and multi-unit) and commercial mortgages.Above $143 billion Among managed mortgages, First National is one of the following. Canada’s We are the largest non-bank mortgage originator and underwriter, and one of the top three in terms of market share in the mortgage broker distribution channel. For more information, please visit www.firstnational.ca.
Forward-looking information
Certain information contained in this news release may constitute forward-looking information within the meaning of securities laws, including the expected closing date and the use of proceeds from the offering. Forward-looking information is based on certain factors and assumptions, including future debt requirements. Forward-looking information should not be construed as a guarantee of future performance or results and is not necessarily an accurate indication of whether or when such results will be achieved. It’s not a thing. Although management believes these assumptions are reasonable based on currently available information, they may prove to be incorrect. Forward-looking information reflects the risks listed under “Risks and Uncertainties Affecting Business” in Management’s Discussion and Analysis of First National’s Financial Condition and Results of Operations (“MD&A”) prepared as of the date hereof. and are subject to certain factors, including uncertainty. March 5, 2024 This file has been filed at www.sedarplus.ca and actual results may differ materially from those currently anticipated by management. This forward-looking information speaks only as of the date of this release and is subject to change after that date. However, management and First National undertake no intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities regulations. not.
SOURCE First National Financial Corporation
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