First Capital REIT Announces C$250 Million Offering of Series F Senior Unsecured Debentures

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[{"type":"text","content":"\n\n\nFirst Capital REIT Announces C$250 Million Offering of Series F 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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\nTORONTO, Nov. 12, 2025 /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) announced today that it has agreed to issue C$250 million aggregate principal amount of Series F senior unsecured debentures (the \"Debentures\").\n\n\n\n\n\n\n\nThe Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, Desjardins Capital Markets and RBC Capital Markets. The Debentures, which will be issued at a price of $99.982 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.461% per annum and will mature on February 15, 2034. Subject to customary closing conditions, the offering is expected to close on November 14, 2025. It is a condition of closing that the Debentures be rated at least \"BBB\" with a \"Positive\" rating outlook by Morningstar DBRS.\nThe offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to the REIT's trust indenture dated as of May 25, 2020, as supplemented. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT.\nThe net proceeds of the offering will be used to repay existing debt and for general business purposes.\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.\nAbou...

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