TSX:CRT.UN - Post Discussion
Post by
Betteryear2 on Jan 12, 2022 6:35pm
$250M 3.029% Series H Senior Unsecured Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, January 12, 2022 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the "Debenture Offering"), $250 million aggregate principal amount of series H senior unsecured debentures with a seven-year term and a coupon of 3.029% per annum (the "Series H Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering to redeem all of its outstanding 2.852% Series A Senior Unsecured Debentures due June 9, 2022 (the "Series A Debentures"), to pay down certain amounts outstanding under its credit facilities, and to retain the balance of the proceeds for general business purposes.
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