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Artis REIT closes C$200M debenture offering

Artis Real Estate Investment Trust wrapped up its offering of two-year series B floating-rate senior unsecured debentures for total gross proceeds of C$200 million.

The diversified REIT plans to use the net proceeds to partly repay debt on its outstanding credit facilities.

The debentures were offered on an agency basis by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets and Scotiabank.