Sienna Announces Completion of $175 Million Offering of 4.112% Series E Senior Unsecured Debentures

Core Viewpoint - Sienna Senior Living Inc. has successfully completed a $175 million offering of series E senior unsecured debentures, indicating strong investor interest in the senior living sector and confidence in the company's growth plans [1][3]. Group 1: Offering Details - The offering consisted of $175 million aggregate principal amount of series E senior unsecured debentures, issued at par with an interest rate of 4.112% per annum, maturing on August 21, 2030 [1][2]. - The debentures are rated "BBB (Stable)" by Morningstar DBRS [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay existing indebtedness, finance acquisitions, fund developments, and for general corporate purposes [2]. Group 3: Company Overview - Sienna Senior Living Inc. provides a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs, employing approximately 14,500 staff dedicated to enhancing daily life for seniors [5].