Trisura Group completes C$150 million bought deal public offering of common shares
On July 14, 2022, Trisura Group Ltd. (“Trisura”) completed its previously announced public offering of 4,512,000 common shares—including 442,000 common shares issued pursuant to the partial exercise of the underwriters’ over-allotment option—at a price of C$33.25 per common share, for gross proceeds of approximately C$150 million.
The offering was completed on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets and Cormark Securities Inc., and including CIBC Capital Markets, TD Securities Inc., National Bank Financial Inc., Raymond James Ltd., RBC Capital Markets and Scotia Capital Inc.
The company intends to use the net proceeds of the offering for general corporate purposes including, but not limited to, supporting growth of the platform in both Canada and the U.S.
Further information can be found on Globe Newswire’s website.
Trisura Group is a specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market.