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H&R Announces $400 MM Senior Unsecured Debenture Financing
H&R Announces $400 MM Senior Unsecured Debenture Financing H&R Announces $...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nH&R Announces $400 MM Senior Unsecured Debenture Financing\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\n\n\n\n\n\nH&R Announces $400 MM Senior Unsecured Debenture Financing\nCanada NewsWire\nTORONTO, June 9, 2020\n\n\n\nTORONTO, June 9, 2020 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\" or \"H&R\") (TSX: HR.UN) is pleased to announce an offering (the \"Offering\") of $400 million principal amount of Series Q senior unsecured debentures (the \"Series Q Debentures\"). The Series Q Debentures are being offered on an agency basis by a syndicate of agents co-led by CIBC World Markets Inc. and Scotia Capital Inc., and including BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. These debentures will carry a coupon rate of 4.071% and will mature on June 16, 2025. The Offering is expected to close on or about June 15, 2020. It is a condition of closing that a final rating by DBRS of BBB (high) be obtained.\nH&R intends to use the net proceeds of the Offering for the repayment of outstanding indebtedness and for general trust purposes.\nThe Offering of the Series Q Debentures is being made under H&R REIT's existing short form base shelf prospectus dated March 6, 2020. The terms of the Offering of the Series Q Debentures will be described in a prospectus supplement to be filed with Canadian securities regulators.\nAbout H&R REIT\nH&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $13.4 billion at March 31, 2020. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 40 million square feet.\nForward-looking Statements\nCertain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements). These forward-looking statements include, but are not limited to, H&R's plans, objectives, expectations and intentions, including the date of closing of the Offering, the filing of a p...