Atrium Mortgage greenshoe lifts 5.25% convertibles by C$2.5 million

By Tali David

Minneapolis, July 9 - Underwriters for Atrium Mortgage Investment Corp.'s 5.25% seven-year convertible debenture offering partially exercised their over-allotment option, adding an additional C$2.5 million, according to an 8-K filed with the Securities and Exchange Commission.

The company priced C$30 million of the convertibles on June 4.

As previously reported, the underwriters were led by bookrunner TD Securities Inc., co-led by CIBC and RBC Capital Markets, and including BMO Capital Markets, National Bank Financial Inc., Scotiabank, Dundee Securities Ltd., Canaccord Genuity Corp., Industrial Alliance Securities Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Mackie Research Capital Corp. and M Partners Inc.

Proceeds will be used for general corporate purposes and to repay existing debt under its revolving operating credit facility, which will then be available to be drawn, as required, for general corporate purposes, particularly funding future mortgage loan opportunities.

Toronto-based Atrium is a non-bank lender.

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