The Warehouse is considering seeking up to $100 million through a public bond offer.

The offer is expected to open late next month.

The discount retailer says the proceeds of the five-year bonds will be used for for purposes such as redeeming existing debt, extending debt, placing funds on deposit, an acquisition or funding a return of capital.

Craigs Investment Partners has been appointed advisor for the offer

Shares in The Warehouse are trading one cent lower at $3.77.