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SmartCentres Real Estate Investment Trust Announces $300 Million Series AB Senior Unsecured Debenture Issue
Contract Type
contract
TorontoReal EstateReal Estate InvestmentCommercial Real EstateDescription
SmartCentres Real Estate Investment Trust has priced an offering of $300 million aggregate principal amount of 4.737% Series AB senior unsecured debentures on an agency basis. The debentures will mature on August 5, 2031. The offering is expected to close on or about February 5, 2025. The net proceeds of the offering will be used to refinance existing debt, including the repayment of its $160 million Series N senior unsecured debentures due February 6, 2025, the repayment of its revolving credit line and for general corporate purposes.