First Capital Realty completes C$200 million private placement of senior unsecured debentures

On July 22, 2019, First Capital Realty ("FCR") announced the closing of its previously announced offering, on a private placement basis in certain provinces of Canada, of C$200 million aggregate principal amount of Series V senior unsecured debentures. The debentures were issued at par, bear interest at a rate of 3.456% per annum and will mature on January 22, 2027.

The debentures were offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets, TD Securities, BMO Capital Markets and Scotiabank.

The net proceeds of the offering will be used to repay existing debt.

FCR is one of the largest owners, developers and operators of necessity-based real estate located in Canada's most densely populated urban centres.

Further information can be found on Canada Newswire's website.