January 09, 2023

StorageVault convertible debenture offering

Goodmans LLP acted for the underwriters in connection with a public offering by StorageVault Canada Inc. (“StorageVault”) of convertible senior unsecured debentures (the “Debentures”) on a bought deal basis. The syndicate of underwriters was led by Scotia Capital Inc. and included CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., and Raymond James Ltd.

A total of C$100 million aggregate principal amount of Debentures were issued at a price of C$1,000 per Debenture under the offering.

Concurrent with the closing of the offering, StorageVault completed its previously announced private placement of C$50 million aggregate principal amount of Debentures to an institutional investor.

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