Morguard completes C$175 million offering of 4.402% Series G senior unsecured debentures

September 28, 2020

Torys represented RBC Capital Markets as the sole bookrunner and lead agent with a team that included Michael Zackheim and Emily Debono (corporate/securities).

On September 28, 2020, Morguard Corporation (“Morguard”) announced that it completed its previously announced issuance of C$175 million aggregate principal amount of series G senior unsecured debentures on a private placement basis. The debentures bear interest at a rate of 4.402% per annum and mature on September 28, 2023.

The debentures were offered on an agency basis by a syndicate of agents with RBC Capital Markets acting as sole bookrunner and lead agent.

The net proceeds of the offering will be used for the repayment of certain indebtedness incurred in the ordinary course

Further information can be found on Canada Newswire’s website.

Morguard is a real estate company with a diversified portfolio of multi-suite residential, retail, office, industrial and hotel properties.