H&R Real Estate Investment Trust completion of senior unsecured debenture financing

On Feb. 19, H&R Real Estate Investment Trust (“H&R REIT”) completed an offering of $300 million principal amount of 2.633 per cent Series S senior unsecured debentures due Feb. 19, 2027. The debentures were sold on a private placement “best efforts” agency basis by a syndicate of agents, which was co-led and bookrun by Scotia Capital Inc. and CIBC World Markets Inc., and which included BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. H&R REIT will use the net proceeds of the offering for the repayment of outstanding indebtedness and for general trust purposes.

Blake, Cassels & Graydon LLP represented H&R REIT with a team that included

William Fung,
Eric Moncik,

Jeremy Ozier,
Sabrina Radia-Bramwell,

Jennifer Crawford (securities).

Goodmans LLP represented the agents with a team that included
Allan Goodman
,
Laura Fraser,

Samanthea Samuels (securities).

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