October 23, 2014
Torys represented Brookfield Office Properties with a team that included Karrin Powys-Lybbe, James Miller, Jordan Fenton and Simonne Horwitz (corporate/securities) and Richard Johnson (tax).
On October 23, 2014, Brookfield Office Properties Inc. (Brookfield Office Properties), a division of Brookfield Property Partners, completed its previously announced offering of 12 million Series AA preferred shares, at a price of C$25.00 per share, in the amount of C$300 million. The preferred shares will yield 4.75% per annum for the initial period ending December 31, 2019.
The offering was underwritten by a syndicate led by RBC Capital Markets, CIBC, Scotia Capital Inc. and TD Securities Inc.
Net proceeds from the issue will be used for general corporate purposes, including, but not limited to, repayment of revolving debt, acquisitions, capital expenditures and working capital needs.
Brookfield Office Properties is a division of Brookfield Property Partners, a global commercial property company that owns, operates and invests in best‐in‐class office, retail, industrial, multifamily and hotel assets.
Further information can be found on Marketwired’s website.