NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
MARKHAM, Ontario, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX:SIA) today announced that it has successfully completed the previously announced bought deal offering (the "Offering") of common shares of the Company ("Common Shares") to a syndicate of underwriters led by TD Securities Inc., as sole bookrunner, and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Cormark Securities Inc. and iA Private Wealth Inc. (collectively, the "Underwriters").
A total of 9,591,000 Common Shares were issued at a price of $15.00 per Common Share for aggregate gross proceeds of $143,865,000. This includes gross proceeds from the full exercise of the over-allotment option granted to the Underwriters to purchase an additional 1,251,000 Common Shares.
The Company intends to use the net proceeds of the Offering (i) to fund the approximately $15 million equity purchase price for the Company's previously announced acquisition of the remaining 30% ownership interest in Nicola Lodge, a 256-bed best-in-class long-term care community in Port Coquitlam, British Columbia; and (ii) for general corporate purposes, which primarily include financing strategic growth initiatives including previously announced long-term care developments and future acquisition opportunities.
Further details of the Offering are described in the final short form prospectus of the Company dated August 23, 2024 filed with Canadian securities regulators. A copy of the final prospectus is available under the Company's profile on SEDAR+ at .
The securities offered pursuant to the Offering have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
ABOUT SIENNA SENIOR LIVING
Sienna Senior Living Inc. (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 12,500 employees are passionate about cultivating happiness in daily life. For more information, please visit .
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as "intend", "anticipate", "project", "expect", "believe", "plan", "will", "may" "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements with respect to the intended use of proceeds of the Offering, and are subject to, and expressly qualified by, the cautionary disclaimers that are set out in Sienna's regulatory filings. These forward-looking statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.
FOR FURTHER INFORMATION, PLEASE CONTACT:
David Hung
Chief Financial Officer and Executive Vice President
(905) 489-0258
david.hung@siennaliving.ca
Nancy Webb
Senior Vice President, Public Affairs and Marketing
(905) 489-0788
nancy.webb@siennaliving.ca
不得向美国新闻通讯社分发或在美国传播
安大略省马克姆,2024年8月28日(环球新闻社)——新安老年生活公司("Sienna"或"公司")(TSX:SIA)今日宣布,已成功完成先前宣布的买入交易发行("发行")普通股("普通股")的交易,由道明银行证券有限公司作为唯一包销商带领的一家包销商财团,包括蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司,蒙特利尔银行证券有限公司。对冲基金 LLC。
总共发行了9,591,000股普通股,每股价格为15.00美元,总收益为143,865,000美元。 这包括对包销商授予的超额配售选择权的全部行使收益,用于购买额外的1,251,000股普通股。
公司拟将发行所得的净收益(i)用于支付公司先前宣布的收购尼古拉·洛奇剩余30%股权的大约1500万美元的权益购买价格,尼古拉·洛奇是位于不列颠哥伦比亚省科奎特克港的拥有256张床位的一流长期护理社区; 和(ii)用于一般企业用途,主要包括为战略增长计划融资,包括先前宣布的长期护理发展和未来收购机会。
有关本交易的进一步详情,请参阅公司于2024年8月23日提交给加拿大证券监管机构的最终简式招股章程。 最终招股章程副本可在根据修正后的1933年美国证券法,根据要约提供的证券未进行注册,且在未获得该法案注册要求的适用豁免或批准的情况下不得在美国提出或销售。本新闻稿在任何司法管辖区均不构成销售要约或购买证券的邀请。
关于SIENNA SENIOR LIVING
致富金融(临时代码)(TSX:SIA)为长者提供全方位的乐龄生活选择,包括Aspira养老品牌下的独立生活、辅助居住和记忆护理,长期护理以及专门的计划和服务。致富金融(临时代码)约有1.25万名员工,他们热衷于日常生活中培育幸福感。更多信息,请访问。
前瞻性声明
本新闻发布可能包含前瞻性声明(根据适用证券法的定义),涉及公司业务及其运营环境。前瞻性声明以"打算"、"预期"、"规划"、"预计"、"相信"、"计划"、"将会"、"可能"、"估计"等类似表达词汇识别。这些声明基于公司的期望、估计、预测和预测,包括但不限于关于发行计划所得款项的声明,并受到Sienna监管文件中设置的警示性免责声明的明确约束。这些前瞻性声明受到重大已知和未知风险和不确定因素的影响,可能导致实际结果或事件与此类声明表述的实际不符,因此,不应将其视为未来业绩或结果的保证,也不一定准确指示是否会实现。本新闻发布中的前瞻性声明基于目前可获得的信息和管理层当前认为合理的假设。公司不承诺公开更新或修订任何前瞻性声明,除非适用法律要求。
如需更多信息,请联系:
David Hung
致富金融(临时代码)和执行副总裁
(905) 489-0258
david.hung@siennaliving.ca
Nancy Webb
高级副总裁公共事务和营销
(905) 489-0788
nancy.webb@siennaliving.ca