Opérations et transactions|12 décembre 2013
Canadian Real Estate Investment Trust completes C$100 million debt offering
Torys acted as counsel to CREIT with a team that included Patricia Koval, Michael Zackheim and Mohammed Muraj (corporate/securities) and Grace Pereira (tax).
On December 12, 2013, Canadian Real Estate Investment Trust (CREIT) reported that it completed its previously announced issuance of C$100 million aggregate principal amount of Series B senior unsecured debentures, bearing interest at a rate of 4.323% per annum and maturing on January 15, 2021. The debentures were sold at a price of C$100.001 per C$100 principal amount with an effective yield of 4.322% if held to maturity.
The debentures were offered, pursuant to CREIT's base shelf prospectus dated June 18, 2013, on an agency basis by a syndicate of agents with RBC Capital Markets as the sole bookrunner and lead agent.
The net proceeds of the offering are being used for the repayment of indebtedness.
CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders.
Further information can be found on Marketwired's website.
The debentures were offered, pursuant to CREIT's base shelf prospectus dated June 18, 2013, on an agency basis by a syndicate of agents with RBC Capital Markets as the sole bookrunner and lead agent.
The net proceeds of the offering are being used for the repayment of indebtedness.
CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders.
Further information can be found on Marketwired's website.