Dream Industrial Real Estate Investment Trust Completes Offering of C$200 Million Senior Unsecured Debentures, Series G

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[{"type":"text","content":"Dream Industrial Real Estate Investment Trust Completes Offering of C$200 Million Senior Unsecured Debentures, Series G\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.\n \n\n\n\n NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES\n \n\n\n\n\n\n Dream Industrial REIT (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”)\n \n announced today the closing of its previously announced private placement of senior unsecured debentures (the “\n \n Offering\n \n ”) consisting of C$200 million aggregate principal amount of 4.287% Senior Unsecured Debentures, Series G maturing on July 3, 2030 (the “\n \n Series G Debentures\n \n ”). In connection with the Offering, the Trust has entered into forward cross-currency interest rate swap arrangements to swap the proceeds of the Offering to Euros to lower the effective fixed interest rate to 3.726%, effective December 22, 2025.\n \n\n The Series G Debentures are rated BBB with a Positive Trend by DBRS Limited. The Trust intends to use the net proceeds from the Offering to repay existing indebtedness (including to pre-fund the repayment of indebtedness that will mature in December 2025) and for general trust purposes.\n \n\n The Series G Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Series G Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Series G Debentures will not be listed on any stock exchange and there will be no market for such securities. The Series G Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States and may not be offered or sold to other persons who are not residents of a province of Canada.\n \n\n\n About Dream Industrial Real Estate Investment Trust\n \n\n\n Dream Industrial REIT is an owner, manager, and operator of a global por...

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