trending Market Intelligence /marketintelligence/en/news-insights/trending/uTDTNmOq_5yfdYZ-26PD4g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Summit Industrial raises C$46M in bought-deal offering

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


Summit Industrial raises C$46M in bought-deal offering

Summit Industrial Income REIT completed its public offering of 7,423,250 units priced at C$6.20 apiece for total gross proceeds of approximately C$46.0 million.

The amount raised includes proceeds from the full exercise of an overallotment option to purchase an additional 968,250 units.

The REIT said it plans to use the proceeds to reduce outstanding debt and for general trust purposes.

The syndicate of underwriters for the bought-deal offering was led by BMO Capital Markets and CIBC Capital Markets, with BMO Capital Markets acting as the sole book runner.