Parties
Company
Chartwell Retirement Residences
Bank
TD Securities Inc.
Bank
Scotia Capital Inc.
On November 14, 2024, Chartwell Retirement Residences announced a CAD 250 million at-the-market equity offering of trust units listed on the Toronto Stock Exchange under "CSH.UN." Units will be sold at prevailing market prices through TD Securities Inc. and Scotia Capital Inc., acting as agents, with a 2.0% commission on gross sales. The offering is set to close by May 30, 2026, or upon reaching the maximum issuance limit.
Proceeds will fund property acquisitions, redevelopment projects, debt repayment, and general purposes. Chartwell is a "connected issuer" to the agents due to existing lending relationships. Legal counsel includes Osler, Hoskin & Harcourt LLP for Chartwell and Borden Ladner Gervais LLP for the agents. The Toronto Stock Exchange has conditionally approved the listing.
Deal Type
Public/Private OfferingIndustry
OtherTransaction
$ 250,000,000Deal Status
ActiveClosing Date