Business
Exchange Income Corporation Announces Closing of $600 Million Offering of Investment Grade Senior Unsecured Notes
WINNIPEG, Manitoba, March 13, 2026--Exchange Income Corporation Announces Closing of $600 Million Offering of Investment Grade Senior Unsecured Notes
About this update from Exchange Income Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":214,"url":"https://media.zenfs.com/en/business-wire.com/922163e2c75e09787dc37d7343a4b9d4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8N4Hm_BYu2X6AN0UhwcCbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQyODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/922163e2c75e09787dc37d7343a4b9d4","width":480,"height":214}},"lazy":false},{"type":"text","content":"WINNIPEG, Manitoba, March 13, 2026--(BUSINESS WIRE)--Exchange Income Corporation (TSX: EIF) ("EIC" or the "Corporation") a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, is pleased to announce the successful closing of its previously announced offering (the "Offering") of $600 million aggregate principal amount of 4.324% senior unsecured notes due March 13, 2031 (the "Notes"). The Notes were offered on a private placement basis in each of the Provinces of Canada in reliance on exemptions from the prospectus requirements under applicable securities laws. The net proceeds from the Offering are expected to be used to repay existing indebtedness under the Corporation’s credit facilities and for general corporate purposes. The Notes have been assigned a final rating of BBB (low), with a stable trend, by Morningstar DBRS.","length":947,"tagName":"p"},{"type":"text","content":"Mike Pyle, CEO, commented, "We are excited to have completed our inaugural transaction within the Canadian investment grade bond market. The added liquidity at a fixed rate will be available to fund the next stage of EIC’s growth, whether that be through organic growth, the acquisition of new businesses to our portfolio, or both. The additional access to capital does not change our conservative view towards leverage or our return threshold required for new investment opportunities. The Offering was materially oversubscribed and the ability to complete the offering during a time of economic turbulence is a testament to the EIC’s resilience and business model."","length":677,"tagName":"p"},{"type":"text","content":"Richard Wowryk, CFO commented, "The addition of investment grade bonds into our capital structure modernizes our balance sh...