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StorageVault Announces Full Exercise of Over-Allotment Option
Globenewswire· 2025-12-04 13:55
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]
Wisconsin Power and Light Company Prices Public Offering of Debentures
Businesswire· 2025-12-03 00:20
Core Points - Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation, has priced a public offering of $300 million in 5.700% debentures due in 2055 [1] - The net proceeds from the offering will be used to reduce outstanding commercial paper and for general corporate purposes [1] - The offering is expected to close on December 5, 2025, subject to customary closing conditions [1] Offering Details - The debentures will mature on December 15, 2055 [1] - The offering was marketed by a group of underwriters including Mizuho Securities USA LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., and MUFG Securities Americas Inc. as joint book-running managers [2] - Additional co-managers include Academy Securities, Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc. [2] Regulatory Information - The offering is made through a prospectus supplement and accompanying prospectus as part of a shelf registration statement filed with the Securities and Exchange Commission [3] - Copies of the prospectus can be obtained from the underwriters or the SEC's website [3] Company Background - Alliant Energy Corporation's Wisconsin utility subsidiary, WPL, operates under the trade name of Alliant Energy [5] - WPL is based in Madison, Wisconsin [5]