SmartCentres REIT

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


$500 million


Capital Markets

Date Closed

December 2017



Lead Office



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).