OMERS Realty Corporation completes $375M debenture offering

On February 23, 2016, OMERS Realty Corporation (ORC) completed a private placement of $375 million aggregate principal amount of 2.858 per cent Series 7 debentures due February 23, 2024. The Series 7 debentures were offered on a private placement basis through a syndicate of agents co-led by TD Securities Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc., and including HSBC Securities (Canada) Inc., Scotia Capital Inc. and Wells Fargo Securities Canada, Ltd.

The net proceeds from the sale of the Series 7 debentures will be used to repay certain indebtedness of ORC.

ORC was represented by McCarthy Tétrault LLP with a team that included Andrew Armstrong, Leslie Milroy, Blake Jones (securities), Patrick McCay and Stefanie Morand (tax).

The agents were represented by Goodmans LLP with a team that included Allan Goodman and Lyndsay Hatlelid (securities) and Juli Morrow (real estate).