Sienna Announces Completion of $250 Million Offering of 3.524% Series F Senior Unsecured Debentures

Core Viewpoint - Sienna Senior Living Inc. has successfully completed an offering of $250 million in series F senior unsecured debentures, which will be used primarily for the early redemption of existing debt and general corporate purposes [2][3]. Group 1: Offering Details - The offering consists of $250 million aggregate principal amount of series F senior unsecured debentures, issued at par with an interest rate of 3.524% per annum, maturing on December 18, 2028 [2]. - The offering was led by BMO Capital Markets, TD Securities Inc., and CIBC Capital Markets as joint lead agents and bookrunners [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the early redemption of all $175 million aggregate principal amount of 3.450% Series B Senior Unsecured Debentures, due February 27, 2026, on December 22, 2025, and/or for general corporate purposes [3]. Group 3: Credit Rating - The debentures have been rated "BBB (Stable)" by Morningstar DBRS, indicating a stable outlook for the company's creditworthiness [3]. Group 4: Company Overview - Sienna Senior Living Inc. offers a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs and services, employing approximately 15,000 staff dedicated to enhancing the quality of life for seniors [5].