Canadian Banc Corp. announced an overnight offering of its preferred shares priced at $10.33 per share, led by National Bank Financial Inc. The offering period ends May 28, 2026, with expected closing around June 4, 2026, pending TSX approval. Proceeds will be invested mainly in six major Canadian banks. The preferred shares offer cumulative floating rate monthly dividends tied to the Canadian prime rate plus 1.50%, with a minimum annual rate of 5% and maximum of 8%, and repayment of the original $10 issue price around December 2028, subject to extensions.
KKR & Co. Inc. is spearheading a significant A$400 million financing deal for Ampol Limited, showcasing its strong global investment strategy and robust asset management. Despite Bank of Montreal lowering KKR's price target to $112 from $120, the fir...
Alterra IOS closed a $400 million refinancing deal led by Truist and KeyBank, using an equity pledge structure instead of traditional mortgages. The financing covers 99 industrial outdoor storage properties across 27 states, totaling 551 acres and 2....
