trending Market Intelligence /marketintelligence/en/news-insights/trending/4rzy7CqpKzDWTUmaV6Ou9w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Allied Properties launches C$150M offering of 3.934% series B senior unsecured debentures

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Allied Properties launches C$150M offering of 3.934% series B senior unsecured debentures

Allied PropertiesREIT has agreed to issue C$150 million aggregate principal amount ofseries B senior unsecured debentures, which will bear interest at a rate of 3.934%per annum and will mature Nov. 14, 2022.

The company plans to use the net proceeds to finance a portionof the purchase priceof a portfolio of Montreal properties; to repay amounts drawn on its unsecured creditfacility used for general capital funding pertaining to Allied's capital improvements,acquisitions and intensification projects; and for general working capital purposes.

The company expects the offering to close by May 12.

The debentures are being offered on an agency basis by a syndicateof agents co-led by BMO Capital Markets, Scotia Capital Inc. and TD Securities Inc.