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StorageVault Converts $172.5 Million of Variable Rate Debt into 10 Year Term Debt at 4.23%

January 17, 2019 By Globenewswire Tagged With: CA86212H1055, TSX-V:SVI

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has completed a $172.5 million 10 year term debt financing against 12 properties at a fixed annual interest rate of 4.23%. The proceeds from the term debt financing were used to reduce the amount outstanding under StorageVault’s $270 million variable interest credit facility, bringing the debt outstanding on this facility to $83 million.

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