Business
Sienna Announces Completion of $175 Million Offering of 4.112% Series E Senior Unsecured Debentures
NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MA...
About this update from Sienna Senior Living Inc.
[{"type":"text","content":"Sienna Announces Completion of $175 Million Offering of 4.112% Series E Senior Unsecured Debentures\n\n\n\n NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n MARKHAM, Ontario, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“\n \n Sienna\n \n ” or the “\n \n Company\n \n ”) (TSX: SIA) announced today that it has completed its previously announced offering (the “\n \n Offering\n \n ”) of $175 million aggregate principal amount of series E senior unsecured debentures (the “\n \n Debentures\n \n ”). The Offering was led by BMO Capital Markets, TD Securities Inc. and CIBC Capital Markets, as joint lead agents and bookrunners. The Debentures were issued at par, bear interest at a rate of 4.112% per annum and will mature on August 21, 2030.\n \n\n The Debentures are rated “BBB (Stable)” by Morningstar DBRS.\n \n\n Sienna intends to use the net proceeds from the Offering to repay existing indebtedness, finance acquisitions, fund developments and for general corporate purposes.\n \n\n “We are very pleased with the strong investor response to our debenture offering as we continue to expand our asset base,” said Nitin Jain, President and Chief Executive Officer. “This successful financing highlights the growing interest in the senior living sector and the confidence investors have in Sienna and in our ability to deliver on our growth plans.”\n \n\n The Debentures were sold by way of a private placement in each of the provinces of Canada.\n \n\n The Debentures have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n\n\n\n About Sienna Senior Living\n \n\n\n\n Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors’ living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna ...