StorageVault Canada Inc. has completed a bought-deal public offering of $50 million in aggregate principal amount of senior unsecured hybrid debentures, issued at $1,000 per debenture and bearing interest at 5.60% per annum, payable on June 30 and December 31, commencing June 30, 2026. The debentures, which mature on December 31, 2030, were offered pursuant to a short-form prospectus dated November 25, 2025. The offering closed on November 28, 2025, and the debentures are expected to trade on the Toronto Stock Exchange (TSX) under the symbol “SVI.DB.D”. 

The transaction was led by CIBC World Markets Inc. and Scotia Capital Inc., with National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., Desjardins Securities Inc. and Raymond James Ltd. as underwriters. The underwriters’ fee totals $2 million, or 4% of proceeds, and StorageVault granted them a $7.5 million over-allotment option exercisable for 30 days following closing. Net proceeds of approximately $48 million, before estimated expenses of $750,000, are intended to repay bank debt and may be used to redeem StorageVault’s 5.75% debentures due January 31, 2026, support acquisitions and for general corporate purposes. 

Legal matters were handled by DLA Piper (Canada) LLP for StorageVault and Goodmans LLP for the underwriters.