First Capital REIT Announces Completion of C$200 Million Offering of Series A Senior Unsecured Debentures

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[{"type":"text","content":"\n\n\n\nFirst Capital REIT Announces Completion of C$200 Million Offering of Series A 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, Sept. 1, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Sept. 1, 2020 /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"Trust\") (TSX: FCR.UN), a leading developer, owner and manager of mixed-use real estate located in Canada's most densely populated cities, 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 A senior unsecured debentures (the \"Debentures\"). \nThe Debentures were offered on an agency basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets and BMO Capital Markets. The Debentures were issued at par, bear interest at a rate of 3.447% per annum and will mature on March 1, 2028. \nThe Debentures are rated \"BBB-\" by S&P Global Ratings and \"BBB (stable)\" 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 First Capital REIT (TSX: FCR.UN)\nFirst Capital is a leading developer, owner and manager of mixed-use real estate located in Canada's most densely populated cities. First Capital's focus is on creating thriving urban neighbourhoods to generate value for businesses, residents, communities and our investors. \nForward-looking Statement Advisory\nThis press release contains forward...

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