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H&R Completes $300MM Senior Unsecured Debenture Financing
H&R Completes $300MM Senior Unsecured Debenture Financing H&R Completes...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n H&R Completes $300MM Senior Unsecured Debenture Financing\n \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 H&R Completes $300MM Senior Unsecured Debenture Financing\n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 19, 2021\n \n /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\" or \"H&R\") (TSX: HR.UN) announced today that it completed its previously announced offering of\n \n $300 million\n \n principal amount of 2.633% Series S senior unsecured debentures due\n \n February 19, 2027\n \n (the \"Series S Debentures\"). H&R REIT had previously agreed with a syndicate of agents co-led and bookrun by Scotia Capital Inc. and CIBC World Markets Inc., and including BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. to sell the Series S Debentures on a private placement \"best efforts\" agency basis. The Series S Debentures have been issued for\n \n $100.00\n \n per\n \n $100.00\n \n principal amount, carry a coupon rate of 2.633% and will mature on\n \n February 19, 2027\n \n . The net proceeds of the offering will be used for the repayment of outstanding indebtedness and for general trust purposes.\n \n \n \n About H&R REIT\n \n \n \n H&R REIT is one of\n \n Canada's\n \n largest real estate investment trusts with total assets of approximately\n \n $13.4 billion\n \n at\n \n December 31, 2020\n \n . 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.\n \n \n \n Forward-looking Statements\n \n \n \n Certain 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 intended use of proceeds. Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management. These s...