/NOT FOR DISSEMINATION TO
Chartwell intends to use the net proceeds from this offering to repay its maturing 3.786% Series A senior unsecured debentures and for general trust purposes, including the repayment of a portion of existing indebtedness under its secured credit facility.
The offering is being made by way of a private placement to "accredited investors" in each of the provinces of
The Debentures have not been registered under the
Chartwell is in the business of serving and caring for
This press release contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. The words "plans", "expects", "does not expect", "is expected", "budget", "scheduled", "estimates", "intends", "anticipates", "does not anticipate", "projects", "believes" or variations of such words and phrases or statements to the effect that certain actions, events or results "may", "will", "could", "would", "might", "occur", "be achieved" or "continue" and similar expressions identify forward-looking statements. Forward-looking information in this document include statements with respect to the credit rating expected to be assigned to the Debentures, the intended use of proceeds from the offering of the Debentures and the completion and expected closing date of the offering. Forward-looking statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, and that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements.
While we anticipate that subsequent events and developments may cause our views to change, we do not intend to update this forward-looking information, except as required by applicable securities laws. This forward-looking information represents our views as of the date of this press release and such information should not be relied upon as representing our views as of any date subsequent to the date of this document. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are not intended to represent a complete list of the factors that could affect us. See "Risks and Uncertainties" in our management's discussion and analysis of results of operations and financial condition for the year ended
FOR FURTHER INFORMATION PLEASE CONTACT:
Chartwell Retirement Residences
Chief Executive Officer
Tel: (905) 501-4709
Email: investorrelations@chartwell.com
SOURCE Chartwell Retirement Residences
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