PrefBlog

Aimia Inc. has announced:

the closing of its previously announced offering of 6,000,000 Cumulative Rate Reset Preferred Shares, Series 3 (the “Series 3 Preferred Shares”), including 1,000,000 Series 3 Preferred Shares that were issued upon the exercise in full of the underwriters’ option to purchase additional shares, at a price of C$25.00 per Series 3 Preferred Share for gross proceeds of C$150 million. The Series 3 Preferred Shares were purchased by a syndicate of underwriters led by CIBC, TD Securities Inc., RBC Capital Markets and BMO Capital Markets.

The net proceeds of the issue will be used by Aimia to supplement its financial resources and for general corporate purposes.

AIM.PR.C is a FixedReset, 6.25%+420, announced January 6. The issue will be tracked by HIMIPref™ but relegated to the Scraps subindex on credit concerns.

The issue traded 537,900 shares today in a range of 25.00-10 before closing at 25.05-07, 6×50. Vital statistics are:

This entry was posted on Wednesday, January 15th, 2014 at 10:31 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.