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For Immediate Release:

Vaughan, Ontario, Nov. 04, 2024 (GLOBE NEWSWIRE) — Empire Communities Corp. (“Empire Communities” or “Empire”) announced today that it has closed its offering, on a private placement basis, of CAD$225 million aggregate principal amount of 7.625% senior unsecured notes due November 1, 2029 (the “Notes”). The Notes were issued at par and have been guaranteed by certain of Empire’s subsidiaries. Interest on the Notes will be payable semi-annually in arrears on May 1 and November 1 of each year, commencing on May 1, 2025.

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