An update from Chartwell Retirement Residences ( ($TSE:CSH.UN) ) is now available.
Chartwell Retirement Residences announced a $400 million offering of senior unsecured debentures, divided equally between Series E and Series F, with interest rates of 3.650% and 4.500%, maturing in 2028 and 2032, respectively. The proceeds are intended to repay existing debts and finance future acquisitions, potentially enhancing Chartwell’s financial flexibility and growth prospects in the senior housing market.
More about Chartwell Retirement Residences
Chartwell Retirement Residences is a leading Canadian company in the senior housing industry, providing a range of services from independent living to long-term care. It operates as an unincorporated, open-ended real estate trust and is one of the largest operators in Canada, serving approximately 25,000 residents across four provinces.
YTD Price Performance: 12.15%
Average Trading Volume: 316,370
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$4.67B
For a thorough assessment of CSH.UN stock, go to TipRanks’ Stock Analysis page.