Transaction|June 13, 2013
Dundee REIT announces completion of C$175 million 3.424% Series A senior unsecured debenture offering
Torys acted as counsel to the underwriters led by TD Securities with a team that included Simon Knowling, Christian Thatcher, Tiffany Ramsubick (corporate/securities), Michael Fortier (environmental) and Grace Pereira (tax).
On June 13, 2013, Dundee REIT (Dundee) that it completed its issuance of C$175 million aggregate principal amount of series A senior unsecured debentures. The debentures bear interest at a rate of 3.424% per annum and will mature on June 13, 2018. The sole bookrunner for the offering was TD Securities, and the underwriting syndicate was co-led by TD Securities, RBC Capital Markets and Scotia Capital Inc.
The offering was made under Dundee's base shelf prospectus dated November 26, 2012 and the debentures were issued pursuant to Dundee's trust indenture dated June 13, 2013, as supplemented.
The net proceeds of the offering will be used to fund acquisitions and for general trust purposes, including the repayment of indebtedness incurred in connection with those acquisitions.
Dundee REIT is focused on owning, acquiring, leasing and managing well-located, high-quality central business district and suburban office properties. Its portfolio currently comprises approximately 24.2 million square feet of gross leasable area in major urban centres across Canada.
Further information can be found on Marketwire's website.
The offering was made under Dundee's base shelf prospectus dated November 26, 2012 and the debentures were issued pursuant to Dundee's trust indenture dated June 13, 2013, as supplemented.
The net proceeds of the offering will be used to fund acquisitions and for general trust purposes, including the repayment of indebtedness incurred in connection with those acquisitions.
Dundee REIT is focused on owning, acquiring, leasing and managing well-located, high-quality central business district and suburban office properties. Its portfolio currently comprises approximately 24.2 million square feet of gross leasable area in major urban centres across Canada.
Further information can be found on Marketwire's website.