First Capital REIT Announces C$250 Million Offering of Series G Senior Unsecured Debentures and Redemption of C$300 Million of Series T Senior Unsecured Debentures

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[{"type":"text","content":"\n\n\nFirst Capital REIT Announces C$250 Million Offering of Series G Senior Unsecured Debentures and Redemption of C$300 Million of Series T 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, Dec. 1, 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 G senior unsecured debentures (the \"Debentures\").\n\n\n\n\n\n\n\nOffering of Debentures\nThe Debentures are being offered on an agency basis by a syndicate of agents co-led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures, which will be issued at a price of $99.986 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.760% per annum and will mature on February 15, 2035. Subject to customary closing conditions, the offering is expected to close on December 8, 2025. It is a condition of closing that the Debentures be rated at least \"BBB\" with a \"Positive\" rating outlook by 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, in part, the redemption of the Trust's C$300 million aggregate principal amount of outstanding co-issued 3.604% Series T senior unsecured debentures, due May 6, 2026, on December 31, 2025.\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 ...

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