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CT REIT Completes Offering of $200M 3.865% Series F Senior Unsecured Debentures due December 7, 2027
CT REIT Completes Offering of $200M 3.865% Series F Senior Unsecured Debentures due Decemb...
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nCT REIT Completes Offering of $200M 3.865% Series F Senior Unsecured Debentures due December 7, 2027\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\nCanada NewsWire\nTORONTO, Feb. 7, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\n\n\nTORONTO, Feb. 7, 2018 /CNW/ - CT Real Estate Investment Trust (CT REIT), (TSX: CRT.UN) announced today that it has completed its previously announced issuance of $200 million aggregate principal amount of series F senior unsecured debentures with a 9.8-year term and a coupon of 3.865% per annum (the \"Debentures\"). The Debentures were offered (the \"Debenture Offering\") under CT REIT's short form base shelf prospectus dated April 5, 2017 and prospectus supplement dated January 24, 2018, each as filed with Canadian securities regulators in each of the provinces and territories of Canada.\n\nThe Debentures have been rated \"BBB+\" by S&P Global Ratings acting through Standard & Poor's Ratings Services (Canada), a business unit of S&P Global Canada Corp. and \"BBB(high)\" by DBRS Limited. The Debentures are direct senior unsecured obligations of CT REIT.\n\nCT REIT intends to use the proceeds of the Debenture Offering to pay down certain amounts outstanding under its credit facilities, and to retain the balance of the proceeds for general business purposes.\n\nThe Debenture Offering was led by TD Securities and Scotiabank. \n\nThe 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 sale would be unlawful.\n\nAbout CT Real Estate Investment Trust\n\nCT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed end real estate investment trust form...