Capital Markets

SmartCentres REIT in connection with its $500 Million issue of investment grade Senior Unsecured debentures including $250 million 3 year Series R floating rate and $250 million 10 year Series S fixed rate debentures

SmartCentres REIT
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

David Davachi

Partner, Tax, Toronto

 

On December 21, 2017 SmartCentres Real Estate Investment Trust ("SmartCentres") completed its previously announced agreement to issue $250 million aggregate principal amount of 3 year Series R senior unsecured floating rate (+0.66%) debentures and $250 million aggregate principal amount of 10 year Series S senior unsecured 3.834% debentures on an agency basis filing a prospectus supplement off its base shelf prospectus.

SmartCentres, headquartered in Vaughan, Ontario, is one of Canada's largest real estate investment trusts with total assets of approximately $9.3 billion.

Osler, Hoskin & Harcourt LLP represented SmartCentres with a team consisting of Chris Murray, Tara Law, Lauren Lefcoe (Corporate), and Jack Silverson and David Davachi (Tax).

Value
$500 million
Date Closed
21 December 2017
Lead Office
Toronto
Key Contact
Christopher Murray

Partner, Corporate, Toronto

Team
Jack Silverson

Partner, Tax, Toronto

David Davachi

Partner, Tax, Toronto