First Capital Realty completes C$90 million reopening of its 4.323% Series S senior unsecured debentures

On January 26, 2015, First Capital Realty Inc. (First Capital Realty) completed its offering of C$90 million aggregate principal amount of Series S senior unsecured debentures, a reopening of the series originally issued on June 17, 2014 and July 14, 2014.

The debentures bear interest at a rate of 4.323% per annum and will mature on July 31, 2025. The additional debentures were issued at a price to First Capital Realty of C$104.943 per C$100 principal amount plus accrued interest, with an effective yield of 3.750% per annum if held to maturity. An aggregate of C$300 million of such debentures are now outstanding after giving effect to the offering. The offering was underwritten by a syndicate led by CIBC and RBC.

The net proceeds of the offering will be used for the repayment of secured debt maturing throughout 2015 and for general corporate purposes.

First Capital Realty is Canada's leading owner, developer and manager of well located, high quality urban retail-centered properties where people live and shop for everyday life.

Further information can be found on Marketwired's website.