Brookfield Office Properties Inc. (BPO: NYSE, TSX) completed an offering of Class AAA Preference Shares, Series R in the amount of $250 million.
The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets, CIBC, Scotia Capital Inc. and TD Securities Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Brookfield Financial Corp., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd.
Brookfield Office Properties issued 10 million Class AAA Preference Shares, Series R at a price of $25 per share yielding 5.10 per cent per annum for the initial five-year period ending September 30, 2016. Brookfield Office Properties owns, de-velops and manages premier office properties in the United States, Canada and Australia.
Torys LLP represented Brookfield Office Properties with a team that included Michael Siltala, Raegan Kennedy and Adrienne DiPaolo (corporate) and Richard Johnson (tax).
Goodmans LLP represented the underwriters with a team that included Lawrence Chernin, Bill Gorman, Stacey Kline (corporate) and Maureen Berry (tax).