Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Directors Deals Ltd.
$12.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Element Financial Corp Closes $173 Million Bought Deal Equity Financing


Tuesday, 12 Mar 2013 09:03am EDT 

Element Financial Corp announced the closing of its previously announced bought deal offering of common shares (the Common Shares) at a price of $7.75 per Common Share (the Offering). The syndicate of underwriters, co-led by GMP Securities L.P., Barclays and BMO Capital Markets and including RBC Capital Markets, Cormark Securities Inc., Scotiabank, TD Securities Inc., National Bank Financial Inc. and Manulife Securities Incorporated, elected to exercise its over-allotment option in full, resulting in the issuance of 22,310,000 Common Shares for total gross proceeds of $172,902,500. The Company intends to use the net proceeds from the Offering to originate and finance, directly and indirectly, finance assets, including through the establishment of its previously announced new special purpose fund as a funding vehicle to complement Element's existing securitization and syndication arrangements. 

Company Quote

14.5
0.07 +0.49%
24 Dec 2014