Skip to main content

Morguard Announces $250 Million Offering of 5.00% Series I Senior Unsecured Debentures

Newswire.ca - Wed Oct 8, 2025

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

MISSISSAUGA, ON, Oct. 8, 2025 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today that it has agreed to issue $250 million aggregate principal amount of series I senior unsecured debentures. These debentures will bear interest at a rate of 5.00% per annum and will mature on October 14, 2028. The anticipated closing date of the transaction is October 14, 2025. The debentures are being offered through a syndicate of underwriters with RBC Capital Markets and TD Securities acting as joint bookrunners and co-lead agents. DBRS Morningstar has assigned a provisional rating of "BB (high)" with a "Positive" trend relating to the debentures.

Read more at newswire.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).