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Franco-Nevada Announces Increase to Previously Announced Bought Deal Financing to US$800 Million
TORONTO, ONTARIO–(Marketwired – Feb. 11, 2016) – Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX:FNV)(NYSE:FNV) is pleased to announce today that, due to strong demand, the Company has increased the size of its previously announced public offering to 16,720,000 common shares (the “Common Shares”), at a price of US$47.85 per common share (the “Offering Price”), for aggregate gross proceeds to Franco-Nevada of approximately US$800 million (the “Offering”). The Offering is led by BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets, and Scotiabank. The underwriters will also have the option, exercisable in whole or in part, at any time for a period of 30 days following the closing of the Offering, to purchase up to an additional 2,508,000 common shares at the Offering Price to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to Franco-Nevada will be approximately US$920 million.