Choice Properties Real Estate Investment Trust Completes $200 million Issuance of Series F Senior Unsecured Debentures

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[{"type":"text","content":"\n\n\n\nChoice Properties Real Estate Investment Trust Completes $200 million Issuance of Series F Senior Unsecured Debentures\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\n\n\n\n\n\nChoice Properties Real Estate Investment Trust Completes $200 million Issuance of Series F Senior Unsecured Debentures\nCanada NewsWire\nTORONTO, Nov. 24, 2015\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\n\n\nTORONTO, Nov. 24, 2015 /CNW/ - Choice Properties Real Estate Investment Trust (\"Choice Properties\" or the \"Trust\") (TSX: CHP.UN) announced today that it has completed its previously announced issuance of $200 million aggregate principal amount of Series F senior unsecured debentures (the \"Debentures\") of the Trust. The Debentures bear interest at a rate of 4.055% per annum and will mature on November 24, 2025. \n\nThe offering was made under Choice Properties' short form base shelf prospectus dated October 14, 2015. The terms of the offering are described in a prospectus supplement dated November 18, 2015, which was filed with securities regulators in each of the provinces of Canada.\n\nThe net proceeds of the Debentures will be used by the Trust to repay existing indebtedness and for general business purposes.\n\nDBRS Limited and Standard and Poor's Ratings Services have each provided the Debentures with a credit rating of \"BBB\". The Debentures rank equally with all other unsecured indebtedness of Choice Properties that has not been subordinated.\n\nThe Debentures were sold on an agency basis by a syndicate of agents co-led by CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and TD Securities. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or ...

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