Capital Markets

Dream Industrial REIT in its $800 million debenture offering and inaugural green bond issuance

Dream Industrial REIT
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Shruti Chowdhry

Associate, Corporate, Toronto

Samuel Cohen

Associate, Translation, Montréal

Jack Silverson

Partner, Tax, Toronto

Timothy Hughes

Partner, Tax, Toronto

Desmond Lee

Partner, Corporate, Toronto

 

On June 10, 2021, Dream Industrial REIT priced an $800 million private placement consisting of a $200 million re-opening of the 1.662% Series A Debentures, $200 million Floating Rate Series B Debentures and Green Bonds of $400 million 2.057% Series C Debentures. The Series C Debentures are the company’s inaugural Green Bond issuance under its new Green Financing Framework, which will use the proceeds to finance eligible green projects within the framework. A portion of the proceeds will be used to fund its transformative acquisition of logistic properties across Europe to enhance the company’s portfolio quality and establish a pan-European real estate platform.

Dream Industrial REIT is a real estate investment trust specialized in geographically diversified industrial properties across North America.

Osler, Hoskin & Harcourt LLP advised Dream Industrial REIT with a team consisting of Michael Innes, Desmond Lee, Jesany Michel-Killam (Corporate), Jack Silverson, Timothy Hughes (Taxation), Samuel Cohen (Translation) and Shruti Chowdhry (Articling Student). 

Value
$800 million
Date Closed
June 25, 2021
Lead Office
Toronto
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Shruti Chowdhry

Associate, Corporate, Toronto

Samuel Cohen

Associate, Translation, Montréal

Jack Silverson

Partner, Tax, Toronto

Timothy Hughes

Partner, Tax, Toronto

Desmond Lee

Partner, Corporate, Toronto