On March 3, 2025, Chartwell Retirement Residences (TSX: CSH.UN) announced the issuance of $400 million in senior unsecured debentures. The offering consisted of $200 million in Series E debentures, bearing interest at 3.650% and maturing on May 6, 2028, and $200 million in Series F debentures, bearing interest at 4.500% and maturing on March 6, 2032. The debentures are unconditionally guaranteed by Chartwell Master Care LP.

The offering was conducted on an agency basis by a syndicate of agents led by TD Securities Inc., BMO Capital Markets, and Scotiabank as joint bookrunners. DBRS Limited assigned provisional ratings of "BBB (low)" with a "Stable" trend to the debentures, with final ratings expected at closing. The transaction is set to close on March 6, 2025, subject to customary conditions.

Chartwell intends to use the net proceeds to repay existing debt, including amounts under its credit agreements and term loan, with any remaining funds allocated for future acquisitions. The offering was made via private placement to accredited investors in Canada.

Borden Ladner Gervais LLP advised the syndicate of agents, with a team led by Cameron A. MacDonald, including Jennifer Jiang, Matthew Shuman, and Kaitlin D’Agostino.