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Nexus Industrial REIT Announces $500 Million Inaugural Unsecured Debenture Offering
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About this update from Nexus Industrial Reit
[{"type":"text","content":"Nexus Industrial REIT Announces $500 Million Inaugural Unsecured Debenture Offering\nNot for distribution in the United States or dissemination through U.S. news or wire services TORONTO, April 09, 2026 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today that it has priced a private placement offering (the “Offering”) of $500 million aggregate principal amount of senior unsecured debentures (the “Debentures”), consisting of $300 million aggregate principal amount of Series A Debentures maturing April 14, 2029 and $200 million aggregate principal amount of Series B Debentures maturing April 14, 2031. The Debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, Desjardins Capital Markets and RBC Capital Markets as joint bookrunners, which includes National Bank Capital Markets, Scotia Capital, CIBC Capital Markets, ATB Cormark Capital Markets and TD Securities. “We are very pleased to announce the successful pricing of Nexus’ inaugural debenture offering, with an expected credit rating of BBB (low) with a Stable trend from Morningstar DBRS,” said Kelly Hanczyk, Chief Executive Officer of the REIT. “The expected investment grade rating of our first Debentures reflects our execution on the REIT’s long-term, strategic plans and helps position the REIT for future flexibility.” The Series A Debentures will bear interest at a fixed annual rate of 4.236% per annum, payable in equal semi-annual instalments in arrears on April 14 and October 14 in each year, commencing on October 14, 2026 until maturity, unless redeemed at an earlier date. The Series B Debentures will bear interest at a fixed annual rate of 4.641% per annum, payable in equal semi-annual instalments in arrears on April 14 and October 14 in each year, commencing on October 14, 2026 until maturity, unless redeemed at an earlier date. The Debentures will be direct senior unsecured obligations of the REIT and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of the REIT, except to the extent prescribed by law. It is a condition of closing of the Offering that the Debentures be rated at least BBB (low) with a Stable trend by Morningstar DB...