CT REIT Announces Offering of $250M 5.828% Series I Senior Unsecured Debentures due June 14, 2028
Summary
/NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES OR DISSEMINATION IN ./, /CNW/ - ("CT REIT") (TSX: CRT.UN) announced today that it has agreed to issue, on a private placement basis in each of the provinces of (the "DebentureOffering"), $250 million aggregate principal amount of series I senior unsecured debentures with a 4.6-year term and a coupon of 5.828% per annum (the "Series I Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of short term indebtedness, and to retain the balance of the proceeds for general business purposes.The Debenture Offering will be on an agency basis led by , and . The Series I Debentures will be direct senior unsecured obligations of CT REIT.The Series I Debentures offered have not been registered under Securities Act of 1933, as amended, and may not be offered or sold in absent registration or an applicable exemption from the registration requirements. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond CT REITs control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under Section 4 "Risk Factors" in CT REITs Annual Information Form for fiscal 2022 and Section 12.0 "Enterprise Risk Management" and 14.0 "Forward- looking Information" in CT REITs Managements Discussion and Analysis for fiscal 2022, both of which are available on CT REITs website at www.ctreit.com and on SEDAR at www.sedar.com.