First Capital Realty Announces Completion of C$200 Million Offering of Series V Senior Unsecured Debentures

About this update from First Capital Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nFirst Capital Realty Announces Completion of C$200 Million Offering of Series V 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 22, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n TORONTO, July 22, 2019 /CNW/ - First Capital Realty Inc. (\"FCR\" or the \"Company\") (TSX:FCR), one of the largest owners, developers and operators of necessity-based real estate located in Canada's most densely populated urban centres, announced today that it has closed its previously announced offering, on a private placement basis in certain provinces of Canada, of C$200 million aggregate principal amount of Series V senior unsecured debentures (the \"Debentures\"). \nThe Debentures were offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets, TD Securities, BMO Capital Markets and Scotiabank. The Debentures were issued at par, bear interest at a rate of 3.456% per annum and will mature on January 22, 2027. The Debentures are rated Baa3 (stable) by Moody's Investors Service, Inc. and BBB – Under Review with Developing Implications by DBRS Limited.\nThe net proceeds of the offering will be used to repay existing debt.\nThe securities 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 securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\nAbout FCR (TSX: FCR)\nFCR is one of the largest owners, developers and operators of necessity-based real estate located in Canada's most densely populated urban centres. FCR currently owns interests in 166 properties, totaling approximately 25.4 million square feet of gross leasable area.\nForward Looking Statements\nThis ...

More updates from First Capital Real Estate Investment Trust