Stella-Jones announces private offering of C$400 million senior unsecured notes

From GlobeNewswire: 2024-09-26 17:25:00

Stella-Jones Inc. has priced a inaugural offering of C$400 million senior unsecured notes due October 1st, 2031, with an interest rate of 4.312% per annum. The proceeds will go towards repaying existing debts and for general corporate purposes. The Notes will be guaranteed by certain subsidiaries and have a provisional rating of “BBB” by DBRS Limited. The offering is expected to close on October 1st, 2024. Stella-Jones is a leading North American manufacturer of pressure-treated wood products for infrastructure projects. This press release contains forward-looking statements regarding the Notes offering and use of proceeds.



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