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Crombie REIT Announces Partial Redemption of Series B Unsecured Notes
Crombie REIT Announces Partial Redemption of Series B Unsecured Notes Canada Ne...
About this update from Crombie Real Estate Investment Trust
[{"type":"text","content":"CrombieREIT-SeriesB\n \n \n \n Crombie REIT Announces Partial Redemption of Series B Unsecured Notes\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 \n \n \n \n \n \n Canada NewsWire\n \n \n NEW GLASGOW, NS, Oct. 6, 2020\n \n \n \n \n \n NEW GLASGOW, NS\n \n ,\n \n Oct. 6, 2020\n \n /CNW/ - Crombie Real Estate Investment Trust (\"Crombie\") (TSX: CRR.UN), announced today that pursuant to the trust indenture governing its 3.962% Series B Senior Unsecured Notes due\n \n June 1, 2021\n \n (the \"Series B Notes\"), it has issued a notice of partial redemption to the registered holders of its Series B Notes for\n \n $100 million\n \n . The\n \n $100 million\n \n aggregate principal amount of these Notes will be redeemed on\n \n October 21, 2020\n \n (the \"Redemption Date\") following the closing of the\n \n $150 million\n \n 2.686% Series H Senior Unsecured Notes and the\n \n $150 million\n \n 3.211% Series I Senior Unsecured Notes offerings announced yesterday.\n \n \n The calculation of the partial redemption price of the Series B Notes is set out in the trust indenture, as supplemented, and is to be the greater of the Canada Yield Price and\n \n $100 million\n \n of the aggregate principal amount of the Series B Notes, together in each case with accrued and unpaid interest to the Redemption Date. The Canada Yield Price for the Series B Notes is\n \n $1,020.25\n \n per\n \n $1,000\n \n of principal amount. Accrued and unpaid interest to the Redemption Date will be\n \n $15.4138082\n \n per\n \n $1,000\n \n of principal. In aggregate, on the Redemption Date, the redemption price of the partial Series B Notes will be\n \n $102,025,000\n \n plus accrued and unpaid interest of\n \n $1,541,380.82\n \n .\n \n \n This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Toronto Stock Exchange has neither approved nor disapproved the form or content of this press release.\n \n \n \n About Cr...