Source: Trisura Group Ltd.
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  • Trisura Group (TSU) has closed a bought-deal public offering for gross proceeds of approximately $150 million
  • The company issued 4,512,000 common shares for $33.25 per share
  • Trisura Group is a specialty insurance provider
  • Trisura Group Ltd. (TSU) opened trading at C$31.47

Trisura Group (TSU) has closed its previously announced bought-deal public offering for gross proceeds of approximately $150 million.

The company issued 4,512,000 common shares, including 442,000 common shares issued under the partial exercise of the underwriters’ over-allotment option, for $33.25 per share.

The offering was completed 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.

Trisura Group is a specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market.

Trisura Group Ltd. (TSU) opened trading at C$31.47.

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