Sienna Senior Living issues C$250 million Series F unsecured debentures

On December 11, 2025, Sienna Senior Living Inc. (“Sienna”) announced its agreement to issue C$250 million aggregate principal amount of Series F senior unsecured debentures. The debentures will be issued at par, bear interest at 3.524% per annum, and mature on December 18, 2028.

The offering is being made by way of a private placement, conducted on a best-efforts agency basis, with a syndicate of agents co-led by BMO Nesbitt Burns Inc., TD Securities, and CIBC Capital Markets, acting as joint lead agents and bookrunners.

Sienna intends to use the net proceeds from the offering to fund the early redemption of its C$175 million Series B senior unsecured debentures (3.450%, due February 27, 2026) on December 22, 2025, and/or for general corporate purposes.

Sienna has provided holders of its Series B debentures with a notice of redemption, pursuant to which the entire outstanding principal amount of C$175 million will be redeemed on December 22, 2025. On the redemption date, the Series B debentures will be redeemed at a price of approximately C$1,000.39498 per $1,000 principal amount, plus accrued and unpaid interest of approximately C$11.0589041, and will thereafter cease to be outstanding.

The offering is expected to close on or about December 18, 2025, subject to customary closing conditions.

Further information can be found on GlobeNewswire’s website.

Sienna offers a full range of seniors' living options, including independent living, assisted living, long-term care, and specialized programs and services.