StorageVault Canada Inc. has announced the completion of its offering of senior unsecured hybrid debentures, raising a total of $57.5 million. The debentures bear interest at 5.60% per annum and will mature on December 31, 2030, with the first interest payment scheduled for June 30, 2026. The net proceeds from the offering will be used to pay down bank debt, fund potential acquisitions, and for general corporate purposes. The debentures are now trading on the Toronto Stock Exchange under the symbol “SVI.DB.D”, and were offered through a short-form prospectus filed in Canada. The offering was led by CIBC World Markets Inc. and Scotia Capital Inc.

The securities offered in the offering have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States. StorageVault currently owns and operates 265 storage locations across Canada, with plans to use the proceeds from the offering for strategic investments and growth opportunities. For more information, contact Mr. Steven Scott or Mr. Iqbal Khan at 1-877-622-0205 or [email protected]. Follow StorageVault on social media for updates and news.

Read more at GlobeNewswire: StorageVault Announces Full Exercise of Over-Allotment