Dream Industrial REIT completes C$200 million debenture offering
On April 21, 2026, Dream Industrial REIT (the “Trust”) closed its previously announced private placement of senior unsecured debentures consisting of C$200 million aggregate principal amount of 4.150% senior unsecured debentures, Series H maturing on April 22, 2031.
The debentures were issued on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc., and including BMO Nesbitt Burns Inc., Desjardins Securities Inc. and Mizuho Securities Canada Inc.
In connection with the offering, the Trust entered into forward cross-currency interest rate swap arrangements to swap the proceeds of the offering to Euros to lower the effective fixed interest rate of the Series H debentures to 4.003%.
Net proceeds from the offering will be used by the Trust to repay existing indebtedness, and for general trust purposes.
Further information can be found on Business Wire’s website.
Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at December 31, 2025, the Trust has an interest in and manages a portfolio which comprises 342 industrial assets (555 buildings) totaling approximately 73.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S.