StorageVault Canada Inc. 5.75 Unsecured Debenture New Issue
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StorageVault Canada Inc. (SVI) is issuing $75M of unsecured debentures maturing Jan-31-2026.
The Debentures will bear interest at a rate of 5.75% per annum, payable semi-annually in arrears on July 31 and January 31 of each year, with the first interest payment on Jan-31-2021.
The Debentures will not be redeemable before Jan-31-2024. Prior to Jan-31- 2025, the Debentures will be redeemable, at StorageVault's option at a redemption price equal to 102.875% of the principal amount plus unpaid interest. After Jan-31-2025 and prior to maturity the debentures are redeemable at par plus unpaid interest.
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