Hampton Financial Corporation Secures $2.5M in Debentures
Hampton Financial Corporation Completes Private Placement
Hampton Financial Corporation (TSXV: HFC) has achieved a significant milestone with the completion of a non-brokered private placement of debentures, amounting to $2.5 million. This funding aims to bolster the company’s financial foundation and enhance its operational capabilities.
Details of the Debentures
The private placement involves the issuance of debentures that will reach maturity five years and one day after the issuance date. These debentures will carry an interest rate of 11% per annum, which is set to be paid quarterly. The first payment of interest will occur at the end of the initial quarter following the closing date of this financing.
Use of Proceeds from the Offering
The funds raised through this placement are earmarked for various purposes, including support for the company’s commercial lending subsidiary, Oxygen Working Capital Corp. This strategic financing will provide necessary working capital as well as cover general corporate expenses, thus aiding in the company's growth and operational flexibility.
About Hampton Financial Corporation
Hampton Financial is recognized as a distinctive private equity firm focused on generating shareholder value via strategic long-term investments. The company is actively involved in various financial services through its wholly-owned subsidiary, Hampton Securities Limited (HSL).
Investment and Wealth Management Services
With HSL, Hampton Financial offers a range of services such as family office solutions, wealth management, institutional services, and capital market activities. HSL functions as a full-service investment dealer, regulated and registered in several regions of Canada, enhancing its reach in the financial services sector.
Advisory and Capital Raising Capabilities
Moreover, through HSL, Hampton provides investment banking services, assisting companies in capital raising efforts, mergers, acquisitions, and listings on securities exchanges both domestically and internationally. The Corporate Finance Group of HSL specializes in helping early-stage companies secure the funding they require to achieve their growth ambitions.
Oxygen Working Capital Services
Additionally, through Oxygen Working Capital, Hampton offers commercial financing services, including factoring, to clients throughout Canada. This suite of services plays a vital role in meeting the financial needs of businesses in a dynamic market environment.
Contact Information
The company encourages inquiries for further information and can be contacted by:
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 purpose of the debentures issued by Hampton Financial Corporation?
The debentures aim to provide funding for the company's commercial lending subsidiary, Oxygen Working Capital Corp., for working capital and general corporate needs.
What is the maturity period of the debentures?
The debentures will mature five years and one day after their issuance date.
What interest rate is attached to these debentures?
The debentures carry an interest rate of 11% per annum, payable quarterly.
Who is the CFO of Hampton Financial Corporation?
The Chief Financial Officer of Hampton Financial Corporation is Olga Juravlev.
In what sectors does Hampton Financial Corporation operate?
Hampton Financial operates in private equity, investment banking, wealth management, and commercial financing sectors.
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