trending Market Intelligence /marketintelligence/en/news-insights/trending/z9k_hnyctsi6xu3jjyxbwq2 content esgSubNav
In This List

Killam Apartment REIT starts C$50M bought-deal unit offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Killam Apartment REIT starts C$50M bought-deal unit offering

Killam Apartment REIT launched a bought-deal public offering of 3,345,000 trust units at C$14.95 apiece to raise gross proceeds of about C$50.0 million.

The Canadian residential landlord granted a 30-day overallotment option to the underwriters to buy 501,750 additional units.

The company plans to use net proceeds to completely repay its credit facility, to fund future acquisitions and developments, and for general trust purposes.

RBC Capital Markets will lead the syndicate of underwriters for the offering.