Choice Properties Real Estate Investment Trust Completes $500 Million Issuance Of Series R Senior Unsecured Debentures
Choice Properties Real Estate Investment Trust Completes $500 Million Issuance Of Series R Senior Unsecured Debentures
06/24/22, 12:22 PM
Location
Money raised
$500 million
Industry
real estate
community and lifestyle
commerce and shopping
Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series R senior unsecured debentures of the Trust bearing interest at a rate of 6.003% per annum and maturing on June 24, 2032 (the “Debentures”).
Company Info
Location
clair avenue east
toronto, ontario, canada
Additional Info
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.
We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.
For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.