Ontario Teachers' Cadillac Fairview Properties Trust completes C$900 million private placement of senior unsecured notes

Torys acted as counsel to Ontario Teachers' Cadillac Fairview Properties Trust with a team that included Michael Zackheim and Sarah Rimer (corporate/securities), Nina Mansoori and Ben Pan (lending), Richard Johnson and Stan Fedun (tax).

On October 1, 2026, Ontario Teachers' Cadillac Fairview Properties Trust (“the Trust”) completed the issuance, by way of private placement, of C$900 million aggregate principal amount of senior unsecured notes, consisting of (i) C$450 million of 4.394% senior unsecured notes, Series 1, due October 1, 2030, and (ii) C$450 million of 4.727% senior unsecured notes, Series 2, due October 1, 2033. The offering represented the Trust’s inaugural Canadian-dollar bond issuance under its new Canadian senior unsecured bond program.

RBC Capital Markets and TD Securities acted as the joint book-running managers for the offering, with CIBC World Markets and National Bank Financial acting as co-managers.