H&R Real Estate Investment Trust completes $250 million senior unsecured debenture financing

On Dec. 2, 2020, H&R Real Estate Investment Trust (“H&R REIT”) completed an offering of $250 million principal amount of 2.906 per cent Series R senior unsecured debentures due June 2, 2026. The debentures were sold on a private placement “best efforts” agency basis by a syndicate of agents that was co-led and bookrun by Scotia Capital Inc. and CIBC World Markets Inc., and including BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. The net proceeds of the offering will be used by H&R REIT 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,
Tairroyn Childs,
Sabrina Radia-Bramwell,
Jennifer Crawford (securities).

Goodmans LLP represented the agents with a team that included
Allan Goodman
Laura Fraser,
Samanthea Samuels (securities).