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