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Financings

Sienna Senior closes $250-million debenture offering

By The Northwire Desk — AI Analysis Dec 18, 2025 · 20:50 SIA · 21.09 Sienna Senior Living Inc
SIA · Price

Executive Summary

  • Sienna Senior Living Inc. completed a $250 million offering of 3.524% Series F senior unsecured debentures, issued at par and maturing on Dec. 18 2028.
  • The offering was led by BMO Capital Markets, TD Securities Inc., and CIBC Capital Markets as joint lead agents and bookrunners.
  • Net proceeds will be used to redeem the outstanding $175 million Series B 3.450% senior unsecured debentures (due Feb. 27 2026) ahead of schedule and for general corporate purposes.

Key Details

  • Aggregate principal amount: $250 million of Series F senior unsecured debentures.
  • Interest rate: 3.524% per annum, payable semi‑annually.
  • Maturity date: December 18 2028.
  • Pricing: Issued at par ($1,000 per debenture).
  • Rating: BBB (stable) by Morningstar DBRS.
  • Lead agents/bookrunners: BMO Capital Markets, TD Securities Inc., and CIBC Capital Markets.
  • Placement method: Private placement in each Canadian province.
  • Use of proceeds:
  • Early redemption of $175 million aggregate principal amount of 3.450% Series B senior unsecured debentures (originally due Feb. 27 2026), targeted for redemption on Dec. 22 2025.
  • General corporate purposes.

Notable Quotes

No direct quotes were provided in the release.

Read the original news release →

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