Sienna Senior Living Inc. announced that it has completed its previously announced offering (the Offering) of $150 million aggregate principal amount of series D senior unsecured debentures (the Debentures). The Offering was led by BMO Capital Markets, TD Securities Inc. and CIBC Capital Markets, as joint lead agents and bookrunners. The Debentures were issued at par, bear interest at a rate of 4.436% per annum and will mature on October 17, 2029.

Sienna intends to use the net proceeds from the Offering to repay existing indebtedness and for general corporate purposes. The Debentures were sold by way of a private placement in each of the provinces of Canada.