Leisureworld plans roadshow for C$317 million seven-year debentures

By Cristal Cody

Tupelo, Miss., Jan. 13 - Leisureworld Senior Care LP is set to hold a two-day roadshow later in January for a C$317 million private placement offering of seven-year debentures, according to an informed source.

The roadshow for the series B senior secured debentures (DBRS: A) will open in Toronto on Jan. 21 and will wrap in Montreal on Jan. 22. The issue is expected to price following the roadshow.

BMO Capital Markets Corp. is the bookrunner.

Proceeds will be used for the early redemption of the company's existing 4.814% series A senior secured debentures.

Leisureworld Senior Care is a subsidiary of retirement home and long-term care facility operator Leisureworld Senior Care Corp., which is based in Markham, Ont,. and Vaughan, Ont.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.