Business
StorageVault Announces Full Exercise of Over-Allotment Option
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Storagevault Canada Inc.
[{"type":"text","content":"StorageVault Announces Full Exercise of Over-Allotment Option\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) --\n \n STORAGEVAULT CANADA INC.\n \n (“\n \n StorageVault\n \n ”) (\n \n SVI-TSX\n \n ) is pleased to announce that, further to its November 12, November 25, and November 28, 2025 news releases, in connection with the previously announced offering (the “\n \n Offering\n \n ”) of listed senior unsecured hybrid debentures (the “\n \n Debentures\n \n ”), the underwriters have exercised their over-allotment option in full to purchase an additional $7.5 million aggregate principal amount of Debentures at an issuance price of $1,000 per Debenture, for additional gross proceeds to StorageVault of $7.5 million. As a result, the total gross proceeds of the Offering were $57.5 million. CIBC World Markets Inc. and Scotia Capital Inc. led the syndicate of underwriters for the Offering, which included National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., Desjardins Securities Inc., and Raymond James Ltd.\n \n\n The Debentures bear interest at a rate of 5.60% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, with the first interest payment on June 30, 2026, and will mature on December 31, 2030. The Debentures began trading on the Toronto Stock Exchange under the symbol “SVI.DB.D” on November 28, 2025.\n \n\n StorageVault intends to use the net proceeds of the Offering to initially pay down bank debt, which may be subsequently re-drawn to fund the redemption of the 5.75% listed debentures due January 31, 2026, fund potential future acquisitions and for general corporate purposes‎.\n \n\n The Debentures were offered pursuant to a short-form prospectus dated November 25, 2025 (the “\n \n Prospectus\n \n ”) filed in each of the provinces of Canada, which describes the terms of the Offering. A copy of the short-form prospectus is available under StorageVault’s profile on SEDAR+ at www.sedarplus.ca.\n \n\n\n The securities offered pursuant to the Offering have not been, nor will they be, registered under the United St...