First Capital Realty Announces Completion of C$300 Million Offering of Series U Senior Unsecured Debentures

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[{"type":"text","content":"\n\n\n\nFirst Capital Realty Announces Completion of C$300 Million Offering of Series U 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 10, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, July 10, 2017 /CNW/ - First Capital Realty Inc. (TSX:FCR) (the \"Company\"), one of Canada's largest owners, developers and managers of grocery anchored retail-focused urban properties, announced today that it has closed its previously announced offering of C$300 million aggregate principal amount of Series U senior unsecured debentures (the \"Debentures\"). \n\nThe Debentures were offered on an agency basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets and Scotiabank. The Debentures were issued at par, bear interest at a rate of 3.753% per annum and will mature on July 12, 2027. The Debentures are rated Baa2 (stable) by Moody's Investors Service, Inc. and BBB (high) with a stable trend by DBRS Limited.\n\nThe net proceeds of the offering will be used to repay amounts outstanding on the Company's unsecured revolving credit facility and for general corporate purposes, including investments.\n\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.\n\nABOUT FIRST CAPITAL REALTY (TSX: FCR)First Capital Realty is one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties where people live and shop for everyday life. The Company currently owns interests in 160 properties, totaling approximately 25 million square feet of gross leasable area.\n\nFORWARD LOOKING S...

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