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

Client

SmartCentres REIT

Value

$500 million

Service

Capital Markets

Date Closed

December 2017

Industry

REITs

Lead Office

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).


Team
Tara  Law

Tara Law

Counsel, Corporate

Jack Silverson

Jack Silverson

Partner, Taxation

David Davachi

David Davachi

Partner, Taxation