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Morguard Announces Completion of $250 Million Offering of 4.307% Series J Senior Unsecured Debentures

Newswire.ca - Thu Jun 18, 7:10AM CDT

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MISSISSAUGA, ON, June 18, 2026 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) is pleased to announce the successful completion of its previously announced issuance of $250 million aggregate principal amount of series J senior unsecured debentures. These debentures bear interest at a rate of 4.307% per annum and will mature on June 18, 2029. The debentures were 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 provided a rating of "BBB (low)" with a "Stable" trend relating to the debentures.

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