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H&R Completes $125MM Senior Unsecured Debenture Financing
H&R Completes $125MM Senior Unsecured Debenture Financing H&R Completes $1...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nH&R Completes $125MM 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nH&R Completes $125MM Senior Unsecured Debenture Financing\nCanada NewsWire\nTORONTO, Aug. 25, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\n\nTORONTO, Aug. 25, 2017 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\" or \"H&R\") (TSX: HR.UN; HR.DB.D; and HR.DB.H) announced today that it completed its previously announced offering of an additional $125 million principal amount of 2.923% Series L Senior Unsecured Debentures due May 6, 2022 (the \"Series L Debentures\"). The Series L Debentures were offered on an agency basis by a syndicate of agents co-led and bookrun by TD Securities, BMO Capital Markets, CIBC Capital Markets and Scotiabank. The net proceeds from the offering of the Series L Debentures will be utilized by H&R REIT for general trust purposes, including the redemption of H&R's 5.40% convertible unsecured subordinated debentures due November 30, 2018 (the \"2018 Convertible Debentures\"), of which $74,394,000 aggregate principal amount is currently outstanding.\n\nH&R is also pleased to announce that it has delivered the redemption notice in respect of the 2018 Convertible Debentures to the trustee, CIBC Mellon Trust Company. The 2018 Convertible Debentures will be redeemed on September 21, 2017 (the \"Redemption Date\"). The 2018 Convertible Debentures are listed for trading on the TSX under the trading symbol HR.DB.H. The outstanding 2018 Convertible Debentures will be redeemed as at the Redemption Date upon payment by H&R of a redemption amount equal to the aggregate principal amount (being $74,394,000 on the date hereof) and all accrued and unpaid interest thereon up to but excluding the Redemption Date, less any applicable withholding taxes.\n\nAbout H&R REIT\n\nH&R REIT is Canada's largest diversified real ...