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First Capital Realty to redeem 5.40%, 5.25% convertible debentures

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First Capital Realty to redeem 5.40%, 5.25% convertible debentures

First Capital Realty Inc. said it will redeem the entire outstanding principal amount of its 5.40% and 5.25% convertible unsecured subordinated debentures due Jan. 31, 2019, on Jan. 31, 2017.

As of Dec. 22, roughly C$54.7 million in aggregate principal amount of the 5.40% debentures and C$51.6 million of the 5.25% debentures remain outstanding.

The company noted it will satisfy the full redemption price and interest owing on each series of debentures in cash.