Transaction|August 29, 2013
First Capital Realty completes C$50 million offering of senior unsecured debentures
Torys acted as counsel to First Capital Realty with a team that included Simon Knowling, David Leith and Giancarlo Ruscio (corporate/securities) and Andrew Wong (tax).
n August 29, 2013, First Capital Realty Inc. (First Capital Realty) closed its previously announced public offering of C$50 million aggregate principal amount of 4.43% Series O senior unsecured debentures, due January 31, 2022. The debentures were issued pursuant to the First Capital Realty's trust indenture dated June 21, 2005, as supplemented, and rank equally with First Capital Realty's issued and outstanding senior unsecured debentures. The offering was underwritten on a bought deal basis by a syndicate of underwriters co-led by CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., and Macquarie Capital Markets Canada Ltd. The offering was a reopening of the offerings of C$150 million aggregate principal amount of series O senior unsecured debentures that closed on June 1, 2012 and July 17, 2012, respectively.
The net proceeds of the offering will be used for development and redevelopment activities, acquisitions and for general corporate purposes.
First Capital Realty is an owner, developer and operator of supermarket and drugstore shopping centres located predominantly in growing urban markets.
Further information can be found on First Capital Realty's website.
The net proceeds of the offering will be used for development and redevelopment activities, acquisitions and for general corporate purposes.
First Capital Realty is an owner, developer and operator of supermarket and drugstore shopping centres located predominantly in growing urban markets.
Further information can be found on First Capital Realty's website.