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Partners Value greenshoe lifts preferreds due 2025 to C$150 million
By Rebecca Melvin
New York, Oct. 6 – The underwriters of Partners Value Split Corp.’s recent offering of C$100 million of C$25-par series 11 class AA preferred shares (DBRS: Pfd-2) with a final maturity of Oct. 31, 2025 increased the total size of the deal to C$150 million, according to a news release.
The company planned to price the preferreds with a dividend of 4.75%.
Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. are the bookrunners.
Partners Value is a Toronto-based financial services company.
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