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BTB Announces Closing of the Offering of $40.25 Million of Series I Convertible Debentures and the Redemption of all Series H Debentures
BTB Announces Closing of the Offering of $40.25 Million of Series I Convertible Debentures and th...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n BTB Announces Closing of the Offering of $40.25 Million of Series I Convertible Debentures and the Redemption of all Series H Debentures\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n THE UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n MONTRÉAL\n \n ,\n \n\n Jan. 23, 2025\n \n\n /CNW/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \" or the \"\n \n REIT\n \n \") announces today that it has successfully closed its previously announced bought deal public offering\n \n 1\n \n and the concurrent closing, pursuant to the full exercise of the over-allotment option granted to the underwriters, of an additional\n \n $5.25 million\n \n aggregate principal amount of Series I 7.25% convertible unsecured subordinated debentures due\n \n February 28, 2030\n \n (the \"\n \n Series I\n \n\n Debentures\n \n \"). Including the exercise of the over-allotment option, BTB received gross proceeds of approximately\n \n $40.25 million\n \n .\n \n\n\n\n\n\n\n\n\n The Series I Debentures will be traded on the Toronto Stock Exchange under the symbol BTB.DB.I.\n \n\n On\n \n January 23, 2025\n \n , BTB filed a notice of redemption for all outstanding Series H 7.00% convertible unsecured debentures due\n \n October 31, 2025\n \n (\"\n \n Series H Debentures\n \n \"), which will be redeemed on\n \n February 24, 2025\n \n , from the net proceeds of the offering of the Series I Debentures.\n \n\n This press release is for information purposes only and does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation ...