Public OfferingClearly there was lots of demand. GLTA
09:08 AM EDT, 09/03/2021 (MT Newswires) -- Park Lawn (PLC.TO) said Friday that it completed its bought deal public offering of common shares, raising approximately C$148.5 million.
The funeral services company issued 4,081,000 common shares at C$36.40 apiece, including the 371,000 shares issued under the full exercise of the overallotment option granted to the underwriters.
Park Lawn intends to use net proceeds of the offering to pay down its revolving credit facility and free up capacity to fund potential future acquisitions and organic growth opportunities.
The underwriting syndicate was co-led by Scotiabank and National Bank Financial. Also included were CIBC Capital Markets, Cormark Securities Inc., RBC Capital Markets, TD Securities Inc., Acumen Capital Finance Partners Ltd., Stifel GMP and Paradigm Capital Inc.
Price: 35.80, Change: -0.49, Percent Change: