Hampton Financial Secures $2.5M Through Private Debenture Placement

Hampton Financial Corporation Completes Private Placement

Hampton Financial Corporation, known as Hampton, is excited to report the successful closure of a private placement, through which it has raised $2.5 million via the issuance of debentures. This strategic move highlights the company's commitment to enhancing its financial structure and operational capacity.

Details of the Debentures Issuance

The debentures are set to mature five years and a day from the issuance date. They carry a competitive interest rate of 11% per annum, which will be paid quarterly. This structure ensures that investors receive regular income while providing Hampton with much-needed capital.

The first interest payment will take place at the end of the first calendar quarter following the closing date. The interest will be paid in cash only and will cease to accrue upon reaching the maturity date, ensuring a clear and direct payout process for investors.

Purpose of Funds Raised

Hampton plans to utilize the proceeds from this debenture offering primarily to support its commercial lending subsidiary, Oxygen Working Capital Corp. This funding will facilitate working capital enhancements and assist in broader corporate initiatives, thereby fostering sustainable growth.

Insights Into Hampton Financial Corporation

Hampton Financial Corporation is more than just a financial entity; it is a visionary private equity firm dedicated to building long-term shareholder value through a variety of strategic investment opportunities. With a focus on sustained growth, the company actively engages in diverse financial services, ensuring it remains a robust player in the investment landscape.

Ongoing Services Through Hampton Securities Limited

Through its wholly-owned subsidiary, Hampton Securities Limited (HSL), the company is deeply involved in wealth management, institutional services, and capital markets activities. HSL is not only a full-service investment dealer—regulated by CIRO—but also provides essential investment banking services, which assist companies in capital raising, merger advisement, and securing listings on various recognized securities exchanges.

Focus on Growing Companies

The corporate finance group within HSL plays a crucial role, as it provides essential funding to early-stage companies, enabling them to grow and ultimately create value for their investors. This strategic approach has made Hampton a trusted partner in capital markets.

Expanding Horizons with Oxygen Working Capital

Hampton Financial's subsidiary, Oxygen Working Capital, offers factoring and other commercial financing services designed to meet the varied needs of businesses across Canada. Through this, the company reinforces its commitment to supporting economic growth and fostering business expansion.

Contact Information for Hampton Financial

For any inquiries or further information regarding this announcement, interested parties can reach out to:

Olga Juravlev
Chief Financial Officer
Hampton Financial Corporation
(416) 862-8701

Or

Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651

Frequently Asked Questions

What is the total amount raised by Hampton Financial Corporation?

The company raised a total of $2.5 million through a non-brokered private placement of debentures.

How long is the maturity period for the debentures?

The debentures will mature five years and one day after the issuance date.

What is the interest rate for the debentures?

The debentures carry an interest rate of 11% per annum, payable quarterly.

What will the raised funds be used for?

Proceeds will be used for working capital in its subsidiary, Oxygen Working Capital Corp., and for overall corporate purposes.

Who can be contacted for more information about the placement?

For inquiries, you can contact Olga Juravlev or Peter M. Deeb at the provided phone numbers.

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