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Morguard Announces $250 Million Offering of 4.307% Series J Senior Unsecured Debentures and Early Redemption of Series H Senior Unsecured Debentures

Newswire.ca - Thu Jun 11, 5:20PM CDT

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MISSISSAUGA, ON, June 11, 2026 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today that it has agreed to issue $250 million aggregate principal amount of series J senior unsecured debentures. These debentures will bear interest at a rate of 4.307% per annum and will mature on June 18, 2029. The anticipated closing date of the transaction is June 18, 2026. The debentures are being offered on an agency basis by a syndicate of agents with RBC Capital Markets and TD Securities acting as joint bookrunners and co-lead agents. Morningstar DBRS has assigned a provisional rating of "BBB (low)" with a "Stable" trend relating to the debentures.

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