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]

Core Viewpoint - StorageVault Canada Inc. has announced an agreement to issue $50 million in senior unsecured hybrid debentures, with an option for an additional $7.5 million, to fund debt repayment, potential acquisitions, and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of listed senior unsecured hybrid debentures due December 31, 2030, priced at $1,000 each [1]. - The expected closing date for the offering is around November 28, 2025 [1]. - The debentures will bear an interest rate of 5.60% per annum, payable semi-annually, with the first payment scheduled for June 30, 2026 [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to pay down bank debt, which may be re-drawn for the redemption of existing debentures, fund future acquisitions, and for general corporate purposes [2]. Group 3: Debt Structure - The debentures will rank subordinate to all existing and future senior secured indebtedness and will be structurally subordinated to obligations of StorageVault's subsidiaries [3]. - The debentures will not be redeemable before December 31, 2028, and can be redeemed at a premium or at par depending on the timing of the redemption [5]. Group 4: Regulatory and Compliance - The offering is subject to customary regulatory approvals, including those from the Toronto Stock Exchange [6]. - A preliminary short form prospectus will be filed with securities regulatory authorities in Canada [6]. Group 5: 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 [8].