H&R Real Estate Investment Trust Completes Us$125 Million Senior Unsecured Debenture Financing

H&R Real Estate Investment Trust (“H&R REIT”) completed an offering of US$125 million of floating rate series J senior unsecured debentures due February 9, 2018. The debentures were sold on a private placement “best efforts” agency basis by a syndicate of agents that was led by TD Securities Inc. and included CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and Scotia Capital Inc. The net proceeds of the offering will be used by H&R REIT for the repayment of existing indebtedness and for general trust purposes.

H&R REIT was represented by Blake, Cassels & Graydon LLP with a team that included William Fung, Eric Moncik and Liam Churchill (securities) and Peter MacGowan (financial services).

The agents were represented by Goodmans LLP with a team that included Allan Goodman and Lyndsay Hatlelid (securities) and Ken Herlin and Tyler D’Angelo (real estate).

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