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Financings

StorageVault Announces Successful Closing of $50 Million Bought Deal Offering of 5.60% Senior Unsecured Hybrid Debentures

By The Northwire Desk — AI Analysis Nov 28, 2025 · 09:02 SVI · 4.85 STORAGEVAULT CANADA INC.
SVI · Price

Executive Summary

  • StorageVault Canada Inc. completed a $50 million senior unsecured hybrid debenture offering at $1,000 per debenture, with an additional $7.5 million over‑allotment option.
  • The 5.60% per annum debentures mature on December 31 2030 and will begin trading on the TSX under “SVI.DB.D” on November 28 2025.
  • Net proceeds are earmarked to repay existing bank debt, potentially fund redemption of 5.75% listed debentures due Jan‑31‑2026, support future acquisitions, and for general corporate purposes.

Key Details

  • Offering Size: $50 million aggregate principal amount; price $1,000 per debenture.
  • Over‑Allotment Option: Up to an additional $7.5 million aggregate principal, exercisable within 30 days post‑closing.
  • Interest Rate: 5.60% per annum, payable semi‑annually (June 30 and Dec 31). First interest payment scheduled for June 30 2026.
  • Maturity Date: December 31 2030.
  • Listing: Expected to commence trading on the Toronto Stock Exchange under ticker “SVI.DB.D” on 28 Nov 2025.
  • Use of Proceeds:
  • Repayment of existing bank debt (subject to possible redrawing).
  • Funding redemption of 5.75% listed debentures due Jan 31 2026.
  • Potential future acquisitions.
  • General corporate purposes.
  • Underwriters: Joint bookrunners CIBC World Markets Inc. and Scotia Capital Inc.; syndicate includes National Bank Financial, TD Securities, BMO Nesbitt Burns, RBC Dominion Securities, Canaccord Genuity, Cormark Securities, Desjardins Securities, Raymond James Ltd. (bought‑deal basis).
  • Prospectus: Short‑form prospectus dated 25 Nov 2025 filed in all Canadian provinces; available on SEDAR+.
  • Regulatory Notice: Securities not registered under the U.S. Securities Act of 1933; offering restricted to non‑U.S. persons per Regulation S.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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