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StorageValult to Raise $50 Million in Bought Deal Debenture Offering

BY MT Newswires | CORPORATE | 11/12/25 11:23 AM EST

11:23 AM EST, 11/12/2025 (MT Newswires) -- StorageVault Canada (SVAUF) said Wednesday it plans to raise up to $50 million in a bought deal offering of senior unsecured hybrid debentures due Dec.31, 2030.

The debentures are priced at $1,000 each and will bear 5.6% interest annually.

Proceeds will be used to initially pay down bank debt, which may be subsequently re-drawn to fund the redemption of the 5.75% listed debentures due Jan. 31, 2026.

The underwriters have also been granted a $7.5 million over-allotment option. The offering is expected to close about Nov. 28.

StorageVault is up $0.04, to $4.87, on the Toronto Stock Exchange.

Price: 4.87, Change: +0.04, Percent Change: +0.83

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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