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Exchange Income Corporation Announces Inaugural Offering of Investment Grade Senior Unsecured Notes
Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a...
About this update from Exchange Income Corporation
[{"type":"text","content":"Exchange Income Corporation Announces Inaugural Offering of Investment Grade Senior Unsecured Notes\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today it has priced an offering (the “Offering”) of $600 million principal amount of 4.324% senior unsecured notes due March 13, 2031 (the “Notes”). 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 provisional rating of BBB (low), with a stable trend, by Morningstar DBRS.\n \n\n The Notes will be senior unsecured obligations of the Corporation that will rank equally with the Corporation’s other present and future unsecured and unsubordinated indebtedness and will be guaranteed on a senior unsecured basis by each of the Corporation’s wholly-owned subsidiaries that are guarantors under the Corporation’s credit facilities. The Notes are being 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.\n \n\n The Offering is being led by RBC Capital Markets, CIBC Capital Markets and National Bank Capital Markets as joint lead agents and active bookrunners. The closing of the Offering is expected to occur on or about March 13, 2026, subject to customary closing conditions.\n \n\n This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and will be sold only to “accredited investors” under applicable Canadian securities laws. The Notes will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and will not be offered or sold within the United States.\n \n\n\n About...