On May 13, 2015, Allied Properties Real Estate Investment Trust (Allied) completed an offering of $150 million aggregate principal amount of series A senior unsecured debentures (the Debentures). The Debentures bear interest at a rate of 3.748 per cent per annum and will mature on May 13, 2020. The Debentures were qualified by a prospectus supplement dated May 8, 2015, to a short form base shelf prospectus dated November 28, 2014, and were offered on an agency basis by a syndicate of agents co-led by Scotia Capital Inc. and BMO Nesbitt Burns Inc.
Aird & Berlis LLP represented Allied Properties REIT with a team comprising Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Graham Topa and Daniel Everall (corporate and securities), Barbara Worndl (tax) and Mike Smith (real estate).
Stikeman Elliott LLP represented the syndicate of agents with a team comprised David Weinberger, Ryan Kirvan, Cara Cornacchia, Colin Burn and Duncan Snyder (corporate and securities), Jill Winton (tax), Nili Birshtein and Michael Nilevsky (real estate) and Larry Cobb (environmental).