RioCan Real Estate Investment Trust Announces Offering of $700 Million of Senior Unsecured Debentures
NOT FOR DISTRIBUTION TO
The net proceeds of the Debentures being offered will be used by the Trust to repay existing indebtedness at or prior to maturity, including the redemption of all of its
The Debentures are being offered on an agency basis by a syndicate of agents co-led by
It is a condition of closing that Morningstar DBRS assign a rating of at least BBB with a stable trend for the Debentures.
The offering is being made on a private placement basis in each of the provinces of
The Debentures being offered have not been registered under the
About
Forward Looking Information
This News Release contains forward-looking information within the meaning of applicable Canadian securities laws. This information reflects RioCan’s objectives, our strategies to achieve those objectives, as well as statements with respect to management’s beliefs, estimates and intentions concerning anticipated future events or expectations that are not historical facts. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. All forward-looking information in this News Release is qualified by these cautionary statements.
Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described in the “Risks and Uncertainties” section in
Although the forward-looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with this forward-looking information. The forward-looking statements contained in this News Release are made as of the date hereof, and should not be relied upon as representing RioCan’s views as of any date subsequent to the date of this News Release. Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
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Chief Financial Officer
RioCan REIT
(416) 866-3033
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