Exchange Income Corp. 5.35% Convertible Debentures New Issue
This is only a sample of the article, please login to view the entire article
Exchange Income Corp.(EIF:TSX) is issuing $75M of 5.35% convertible unsecured subordinated debentures maturing Jun-30-2025.
The Debentures are not redeemable before Jun-30-2021 (approximately 3 years after closing). After Jun-30-2021 and prior to Jun-30-2023, the debentures are redeemable providing the commons share price exceeds 125% of the Conversion Price of $49. On and after Jun-30-2023 and prior to the maturity date, the debentures are redeemable at par.
The conversion price of $49.00 per share represents at 43% premium to the share price as of 34.32 (as of Jun-6-2017)
You must be a member to view the entire article, please subscribe or login