Capital Markets

The agents in connection with First Capital REIT’s offering of $300 million Series B unsecured debentures

First Capital REIT
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Min Oh

Associate, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto

Jacqueline Kang

Associate, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto

 

On March 1, 2024, First Capital REIT announced the closing of its offering of $300 million aggregate principal amount of Series B senior unsecured debentures on a private placement basis in certain provinces of Canada. The debentures were offered through a syndicate of agents co‐led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures were issued at par, with an interest rate of 5.572% per annum and will mature on March 1, 2031.

First Capital REIT owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada.

Osler, Hoskin & Harcourt LLP advised the agents with a team consisting of Michael Innes, Kevin Feng, Bradley Lastman, Jacqueline Kang, Min Oh (Corporate), Timothy Hughes and James Chang (Tax).

Value
$300 million
Date Closed
1 March 2024
Lead Office
Toronto
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Min Oh

Associate, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto

Jacqueline Kang

Associate, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto