NewsMISSISSAUGA, ON,May 17, 2021/CNW/ - Morguard Corporation ("Morguard" or the "Company") (TSX: MRC) announced that it has fully repaid the$200 million4.085% Series D senior unsecured debentures on maturity. Proceeds for repayment of the Series D senior unsecured debentures were generated by Morguard from new mortgage proceeds, with the balance funded from cash on hand and lines of credit. New mortgage proceeds were realized in the second quarter of 2021 as Morguard completed a second mortgage financing on a multi-suite residential property located inToronto, Ontario, in the amount of$90 millionat an interest rate of 2.22%, for a term of approximately 4 years (maturing at the same time as the first mortgage); and a first mortgage financing on two unencumbered office properties located inOakvilleandOttawa, Ontario, in the amount of$21 millionat an interest rate of 2.39%, for a term of 5 years.