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Morguard closes C$200M senior debt offering

Morguard Corp. closed its offering of C$200 million of its 4.085% series D senior unsecured debentures due May 14, 2021.

The net proceeds will be used to repay debt under its operating lines of credit and for general corporate purposes.

The syndicate of agents for the offering was co-led by RBC Capital Markets and TD Securities Inc., with RBC Capital Markets serving as book runner.