Sienna Announces Completion of $175 Million Offering of 4.112% Series E Senior Unsecured Debentures

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MARKHAM, Ontario, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX:SIA) announced today that it has completed its previously announced offering (the "Offering") of $175 million aggregate principal amount of series E senior unsecured debentures (the "Debentures"). The Offering was led by BMO Capital Markets, TD Securities Inc. and CIBC Capital Markets, as joint lead agents and bookrunners. The Debentures were issued at par, bear interest at a rate of 4.112% per annum and will mature on August 21, 2030.

The Debentures are rated "BBB (Stable)" by Morningstar DBRS.

Sienna intends to use the net proceeds from the Offering to repay existing indebtedness, finance acquisitions, fund developments and for general corporate purposes.

"We are very pleased with the strong investor response to our debenture offering as we continue to expand our asset base," said Nitin Jain, President and Chief Executive Officer. "This successful ...