Sienna Senior Living Inc. has agreed to issue $175 million in senior unsecured debentures, with a 4.112% interest rate and maturing in 2030. The offering is expected to close on August 21, 2025. The company plans to use the net proceeds to repay existing debts, finance acquisitions, and for general corporate purposes. They have also completed the acquisition of Credit River Retirement Residence for $60.2 million, expecting a 5.75% initial investment yield. Sienna believes both transactions will strengthen the company’s growth plans amidst rising demand for senior living residences in Canada.

For further information, contact David Hung, Chief Financial Officer and Executive Vice President, Investments, at (905) 489-0258 or [email protected].

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