On January 23, 2018, H&R Real Estate Investment Trust (H&R REIT) completed a public offering of $250 million principal amount of 3.416 per cent Series O senior unsecured debentures due January 23, 2023.
The debentures were offered for sale by way of a public offering through a syndicate of agents co-led by BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc. and TD Securities Inc.
The net proceeds of the offering will be used by H&R REIT for the repayment of existing indebtedness and for general trust purposes.
H&R REIT was represented by Blake, Cassels & Graydon LLP with a team that included William Fung, Eric Moncik, Jeremy Ozier and Devon Read (securities) and Jeffrey Trossman, Andrew Spiro, Ian Caines and Shavone Bazarkewich (tax).
The agents were represented by Goodmans LLP with a team that included Allan Goodman, Emily Ting and Sarah Macchione (securities), Ken Herlin (real estate) and Kabir Jamal (tax).