Atrium Mortgage Investment Corporation Announces $35 Million Public Offering of Convertible Unsecured Subordinated Debentures

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Last update: Mar 9, 2022

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TORONTO, March 09, 2022 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI, AI.DB.C, AI.DB.D, AI.DB.E and AI.DB.F) (“Atrium”) announced today that it has entered into an agreement with a syndicate of underwriters bookrun by TD Securities Inc. and RBC Capital Markets, pursuant to which the underwriters will purchase $35 million aggregate principal amount of 5.10% convertible unsecured subordinated debentures of Atrium due March 31, 2029 at a price of $1,000 per debenture. Atrium has also granted to the underwriters an over-allotment option to purchase up to an additional $5,250,000 aggregate principal amount of debentures at the same price, exercisable in whole or in part at any time for a period of up to 30 days following closing of the offering, to cover over-allotments. If the over-allotment option is exercised in full, the gross proceeds of the offering will total $40,250,000.