Sienna Senior Living to raise $175M via unsecured debentures

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Sienna Senior Living (TSX:SIA:CA [https://seekingalpha.com/symbol/SIA:CA]) agreed to issue [https://seekingalpha.com/pr/20204345-sienna-announces-offering-of-175-million-of-4_112-percent-series-e-senior-unsecured] $175 million aggregate principal amount of series E senior unsecured debentures. The debentures, which will be issued at par, will bear interest at a rate of 4.112% per annum and will mature on August 21, 2030.

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The offering is expected to close on or about August 21, 2025.

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The debentures will be direct unsecured obligations of the company and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the company.

* The company intends to use the net proceeds to repay existing indebtedness, finance acquisitions, fund developments, and for general corporate purposes.

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