StorageVault Announces Successful Closing of $50 Million Bought Deal Offering of 5.60% Senior Unsecured Hybrid Debentures

Core Viewpoint - StorageVault Canada Inc. has successfully completed an offering of senior unsecured hybrid debentures totaling $50 million, with an option for underwriters to purchase an additional $7.5 million [1][3] Group 1: Offering Details - The offering consisted of $50 million aggregate principal amount of debentures issued at a price of $1,000 per debenture [1] - The debentures bear an interest rate of 5.60% per annum, with interest payments scheduled semi-annually starting June 30, 2026, and maturing on December 31, 2030 [2] - The debentures are expected to begin trading on the Toronto Stock Exchange under the symbol "SVI.DB.D" on November 28, 2025 [2] Group 2: Use of Proceeds - The net proceeds from the offering will be used to pay down bank debt, which may be re-drawn for the redemption of existing debentures due January 31, 2026, as well as for potential future acquisitions and general corporate purposes [3] Group 3: Company Overview - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]