Business
H&R Closes $175 Million Senior Unsecured Debenture Financing
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES....
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\nTORONTO, April 5, 2012 /CNW/ - H&R Real Estate Investment Trust (\"H&R\n REIT\") (TSX: HR.UN; HR.DB; HR.DB.B; HR.DB.C; HR.DB.D; HR.DB.E)\n announced today that it closed its previously announced offering of\n $175 million principal amount of 4.45% Series F Senior Debentures due\n March 2, 2020 (the \"Debentures\"). H&R REIT had previously agreed to\n sell the Debentures to a syndicate of underwriters co-led by RBC\n Capital Markets and CIBC, on a bought deal basis. The net proceeds from\n the offering of the Debentures will be utilized by H&R REIT to repay\n outstanding indebtedness incurred under existing credit facilities\n thereby enabling H&R REIT to have greater financial capacity to pursue\n future acquisitions and developments, and otherwise for general trust\n purposes.\n\n\nForward-looking Statements\n\n\nCertain statements in this news release contain forward-looking\n information within the meaning of applicable securities laws (also\n known as forward-looking statements).  Such forward-looking statements\n reflect H&R REIT's current beliefs and are based on information\n currently available to management. These statements are not guarantees\n of future performance and are based on H&R REIT's estimates and\n assumptions that are subject to risks and uncertainties, including\n those discussed in H&R REIT's materials filed with the Canadian\n securities regulatory authorities from time to time, which could cause\n the actual results and performance of H&R REIT to differ materially\n from the forward-looking statements contained in this news release.\n Those risks and uncertainties include, among other things, risks\n related to: the business of H&R REIT (real property ownership; credit\n risk and tenant concentration; financing credit risk; interest rate and\n other debt-related risks; construction; liquidity; development of the\n Bow; lease rollovers; currency; environmental matters; co-ownership\n interest in properties; influence of the property manager over H&R\n REIT; failure to complete acquisitions; competition for real property\n investments; dependence on key...