Transaction|November 24, 2014
RioCan REIT completes C$126 million public offering of trust units
Torys acted as counsel to the syndicate of underwriters led by RBC Capital Markets, TD Securities and BMO Capital Markets with a team that included Patricia Koval, Eric Foster and Braden Jebson (Canadian corporate/securities), Andy Beck and Jason Zhou (U.S. corporate/securities).
On November 24, 2014, RioCan Real Estate Investment Trust (RioCan) completed its issuance of 4,800,000 trust units at a price of C$26.25 per unit for gross proceeds of C$126 million. The underwriting syndicate for the offering was co-led by RBC Capital Markets, TD Securities Inc. and BMO Capital Markets.
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately C$14.7 billion as at September 30, 2014.
Further information can be found on RioCan's website.