Business
CT REIT Completes Offering of $150M 2.371% Series G Senior Unsecured Debentures due January 6, 2031
CT REIT Completes Offering of $150M 2.371% Series G Senior Unsecured Debentures due Janua...
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n CT REIT Completes Offering of $150M 2.371% Series G Senior Unsecured Debentures due January 6, 2031\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n TORONTO\n \n ,\n \n Jan. 6, 2021\n \n /CNW/ - CT Real Estate Investment Trust (CT REIT), (TSX: CRT.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain of the provinces of\n \n Canada\n \n (the \"\n \n Debenture\n \n \n Offering\n \n \"), of\n \n $150 million\n \n aggregate principal amount of series G senior unsecured debentures with a ten-year term and a coupon of 2.371% per annum (the \"\n \n Series G Debentures\n \n \"). CT REIT intends to use the net proceeds of the Debenture Offering, together with cash on hand, to complete the previously announced redemption of the entire outstanding\n \n $150 million\n \n aggregate principal amount of its 2.159% Series C Senior Unsecured Debentures due\n \n June 1, 2021\n \n .\n \n \n The Series G Debentures have been rated \"BBB\" by S&P Global Ratings acting through Standard & Poor's Ratings Services (\n \n Canada\n \n ), a business unit of S&P Global Canada Corp., and \"BBB\" with a \"stable\" trend by DBRS Limited. The Series G Debentures are direct senior unsecured obligations of CT REIT.\n \n \n The Debenture Offering was led by RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc. The Series G Debentures offered have not been registered under\n \n the United States\n \n \n Securities Act of 1933\n \n , as amended, and may not be offered or sold in\n \n the United States\n \n 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 Series G Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.\...