First Capital REIT Announces C$300 Million Offering of Series B Senior Unsecured Debentures
Summary
Inclusive of the benefit of bond forward hedges, the REITs all-in interest rate will be 5.481% per annum. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT.The net proceeds of the offering will be used to repay existing debt.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in .This press release contains forwardlooking statements and information within the meaning of applicable securities laws, including statements about the REITs issuance of the Debentures, the use of proceeds thereof and the effect of bond forward hedges. Such risks and uncertainties include, among others, those discussed in MD&A for the year ended as well as in its current Annual Information Form. undertakes no obligation to publicly update any such forwardlooking statement or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities laws.