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Dream Industrial Reit Completes C$200 Million Green Bond Offering

Apr 13, 2022•over 3 years ago

Amount Raised

$200 Million

Toronto

Description

Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”) announced today the closing of its previously announced private placement of senior unsecured debentures (the "Offering") consisting of C$200 million aggregate principal amount of 3.968% Senior Unsecured Debentures, Series E maturing on April 13, 2026 (the "Series E Debentures"). Concurrent with the closing of the Offering, the Trust entered into cross currency interest rate swap arrangements to swap the proceeds of the Offering to Euros to lower the effective interest rate to 2.041%.

Company Information

Company

Dream Industrial Real Estate Investment Trust

Location

Toronto, Ontario, Canada

About

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.

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