StorageVault Announces Full Exercise of Over-Allotment Option

Core Viewpoint - StorageVault Canada Inc. successfully completed an offering of senior unsecured hybrid debentures, raising a total of $57.5 million in gross proceeds, including an additional $7.5 million from the over-allotment option exercised by underwriters [1][2] Group 1: Offering Details - The offering consisted of listed senior unsecured hybrid debentures with an interest rate of 5.60% per annum, payable semi-annually, maturing on December 31, 2030 [2] - The total gross proceeds from the offering amounted to $57.5 million, with the initial offering announced on November 12, 2025 [1][3] - The underwriters for the offering included CIBC World Markets Inc., Scotia Capital Inc., and several other financial institutions [1] Group 2: Use of Proceeds - StorageVault plans to use the net proceeds from the offering 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]