On May 12, 2016, Allied Properties Real Estate Investment Trust (Allied) completed an offering of $150-million aggregate principal amount of series B senior unsecured debentures (the Debentures). The Debentures bear interest at a rate of 3.934 per cent per annum and will mature on November 14, 2022. The Debentures were qualified by a prospectus supplement dated May 9, 2016, 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 BMO Capital Markets, Scotia Capital Inc. and TD Securities Inc.
Aird & Berlis LLP represented Allied Properties REIT with a team that comprised Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Daniel Everall and Liam Tracey-Raymont (corporate and securities), Mike Smith (real estate) and Barbara Worndl (tax).
Stikeman Elliott LLP represented the syndicate of agents with a team that comprised David Weinberger, Ryan Kirvan, Cara Cornacchia, Colin Burn, and Katarina Zoricic (corporate and securities), Melissa Schyven and Chad Bass-Meldrum (real estate) and Katy Pitch (tax).