Morguard Corporation Unveils $250 Million Debentures Offering

Author: Logan Wright Updated: 10-08-2025 07:43 PM

Morguard Corporation's Latest Offering

Morguard Corporation (TSX: MRC) has announced exciting news regarding its financial initiatives. The company is set to issue an impressive $250 million in 5.00% Series I Senior Unsecured Debentures. This strategic move aims to enhance its financial strength and flexibility.

Details of the Debenture Offering

The upcoming debentures will carry an interest rate of 5.00% per annum, with a maturity date slated for October 14, 2028. Morguard anticipates that the transaction will be completed by October 14, 2025, having structured the offering through a collaborative syndicate of underwriters that includes RBC Capital Markets and TD Securities as the key players in this initiative.

Utilization of Proceeds

Proceeds from this offering will primarily be directed towards repaying outstanding debt related to Morguard's operational credit lines, alongside supporting general corporate purposes. The focus on managing debt effectively reflects the company’s commitment to maintaining a solid financial foundation.

Legal and Regulatory Considerations

It is important to note that these debentures are being issued under a private placement format within various provinces across Canada. The instruments will be governed by Morguard's trust indenture dated December 10, 2013, ensuring that they rank equally with existing senior unsecured debentures.

About Morguard Corporation

Morguard Corporation stands as a significant entity in the North American real estate sector, effectively managing a diverse portfolio encompassing retail, office, hotel, and residential properties. The company's assets are valued at an impressive $18.7 billion, held directly and through its investments in various real estate investment trusts. Morguard also extends its expertise by providing property management services to both institutional and private investors, solidifying its role as a key player in the industry.

Looking Ahead

While Morguard continues to thrive in a competitive market, its proactive financial strategies, such as this debenture offering, demonstrate its focus on long-term growth and stability. Stakeholders and investors alike can look forward to how these developments will bolster Morguard’s overall business performance.

Frequently Asked Questions

What is the amount being raised by Morguard Corporation?

Morguard Corporation is raising $250 million through its offering of Series I Senior Unsecured Debentures.

What is the interest rate on the debentures?

The debentures will bear an interest rate of 5.00% per annum.

When are the debentures expected to mature?

The maturity date for the debentures is set for October 14, 2028.

What will the proceeds of the offering be used for?

The proceeds will be utilized to repay debt and for general corporate purposes.

How does Morguard Corporation rank its debentures?

The debentures will rank pari passu with Morguard's existing outstanding senior unsecured debentures.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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