Business
Granite Considering Early Redemption of $265 Million Debentures Due 2016
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES /...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/\n\n\n\nTORONTO, June 12, 2014 /CNW/ - Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (\"Granite\") announced today that in connection with the consideration of a possible early redemption of the outstanding $265 million 6.05% debentures due December 2016 (\"2016 Debentures\") its wholly owned subsidiary Granite REIT Holdings Limited Partnership is considering a debenture offering pursuant to its base shelf prospectus. \n\nShould an offering be completed, Granite intends to use the net proceeds to redeem part of the 2016 Debentures.\n\nThis news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The securities being considered for offering have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or any prospectus supplement. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to United States persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\n\nABOUT GRANITE\n\nGranite is a Canadian-based REIT engaged in the ownership and management of predominantly industrial, warehouse and logistics properties in North America and Europe. Granite owns approximately 32 million square feet in over 100 rental income properties. Our tenant base currently includes Magna International Inc. and its operating subsidiaries as our largest tenants, together with tenants from other industries.\n\n\nOTHER INFORMATION \n\n\nCopies of financial data and other publicly filed documents are available through the internet on Canadian Securities Administrators' Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov.  For further information, please see our website at www.gra...