Choice Properties Real Estate Investment Trust Completes $500 Million Issuance of Series U Senior Unsecured Debentures
Not for distribution to
The Trust intends to use the net proceeds of the Offering, together with other available funds, to repay upon maturity its outstanding
Morningstar DBRS has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and
The Debentures were sold on an agency basis by a syndicate of agents co-led by
About
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.sedarplus.ca.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the intended use of proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2023 Annual Report and current Annual Information Form.
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Chief Financial Officer
Choice Properties REIT
(416) 628-7872
Mario.Barrafato@choicereit.ca
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