Choice Properties REIT completes offering of C$300 million of Series Y senior unsecured debentures
Torys acted as counsel to Choice Properties with a team that included Michael Zackheim, Arron Chahal and Iman Ahsan (corporate/securities), Tom Zverina and Adrienne Love (lending).
On September 22, 2026, Choice Properties Real Estate Investment Trust ("Choice Properties”) announced that it completed its previously announced issuance, on a private placement basis, of C$300 million aggregate principal amount of Series Y senior unsecured debentures bearing interest at a rate of 4.836% per annum and maturing on September 22, 2033.
The debentures were sold at par and offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, and Scotiabank.
Choice Properties intends to use the net proceeds of the offering, together with other available funds, to repay upon maturity its outstanding C$350 million aggregate principal amount of 2.456% Series Q senior unsecured debentures, due November 30, 2026.
Further information can be found on Business Wire’s website.
Choice Properties is a is Canada’s largest real estate investment trust, guided by a clear purpose: to create places where people thrive.