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Sienna Senior Living Announces $250 Million Debenture Offering and Redemption Plan

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Sienna Senior Living Announces $250 Million Debenture Offering and Redemption Plan

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An update from Sienna Senior Living ( (TSE:SIA) ) is now available.

Sienna Senior Living Inc. has announced the issuance of $250 million in Series F senior unsecured debentures, with a 3.524% interest rate maturing in 2028. The proceeds will be used to redeem $175 million of Series B debentures and for general corporate purposes, reflecting a strategic financial restructuring that could enhance the company’s capital structure and operational flexibility.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Spark’s Take on TSE:SIA Stock

According to Spark, TipRanks’ AI Analyst, TSE:SIA is a Neutral.

Sienna Senior Living’s strong earnings call performance and positive technical indicators are significant strengths. However, financial performance concerns, particularly in profitability and cash flow, and a high P/E ratio, weigh on the overall score.

To see Spark’s full report on TSE:SIA stock, click here.

More about Sienna Senior Living

Sienna Senior Living Inc. (TSX:SIA) provides a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs under its Aspira retirement brand. The company employs approximately 15,000 people dedicated to enhancing daily life for seniors.

Average Trading Volume: 257,988

Technical Sentiment Signal: Buy

Current Market Cap: C$1.9B

Find detailed analytics on SIA stock on TipRanks’ Stock Analysis page.

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