TSX:PMZ.UN - Post by User
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Betteryear2on Mar 28, 2022 7:30pm
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Successful $350 M Inaugural Unsecured Debenture Offering
Successful $350 M Inaugural Unsecured Debenture Offering
TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that it has priced a private placement (the “Offering”) of $350 million aggregate principal amount of senior unsecured debentures (the “Debentures”), consisting of $150 million aggregate principal amount of Series A Debentures maturing March 30, 2027 and $200 million aggregate principal amount of Series B Debentures maturing March 30, 2025. The Debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., which includes Desjardins Securities Inc., RBC Dominion Securities Inc. and TD Securities Inc.
https://www.businesswire.com/news/home/20220328005835/en/