Allied Properties REIT launched a C$300 million offering of series E senior unsecured debentures.
The Canadian real estate investment trust aims to use net proceeds to prepay about C$140 million of first mortgages and about C$60 million drawn on its unsecured line of credit, as well as to fund its development and value-add initiatives for the rest of 2019.
A syndicate of agents led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc. is offering the debentures on an agency basis.
