On November 7, 2016, H&R Real Estate Investment Trust (“H&R REIT”) completed a public offering of $200-million principal amount of 2.923 per cent Series L senior unsecured debentures due May 6, 2022.
The debentures were sold to a syndicate of underwriters co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. The net proceeds of the offering will be used by H&R REIT for the repayment of existing indebtedness and for general trust purposes.
H&R REIT (TSX: HR.UN) is an open-ended real estate investment trust. Its portfolio of 38 office properties, 156 retail properties, 102 industrial properties, 10 residential properties and four development projects, has a fair value totaling around $13 billion and comprises over 44 million square feet.
H&R REIT was represented by Blake, Cassels & Graydon LLP with a team that included William Fung, Eric Moncik, Jeremy Ozier and Kendall Grant (securities) and Jeffrey Trossman, Andrew Spiro and Ian Caines (tax).
The underwriters were represented by Goodmans LLP with a team that included Allan Goodman, Emily Ting and Sarah Macchione (securities), Ken Herlin and Tyler D’Angelo (real estate) and Kabir Jamal (tax).
The debentures were sold to a syndicate of underwriters co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. The net proceeds of the offering will be used by H&R REIT for the repayment of existing indebtedness and for general trust purposes.
H&R REIT (TSX: HR.UN) is an open-ended real estate investment trust. Its portfolio of 38 office properties, 156 retail properties, 102 industrial properties, 10 residential properties and four development projects, has a fair value totaling around $13 billion and comprises over 44 million square feet.
H&R REIT was represented by Blake, Cassels & Graydon LLP with a team that included William Fung, Eric Moncik, Jeremy Ozier and Kendall Grant (securities) and Jeffrey Trossman, Andrew Spiro and Ian Caines (tax).
The underwriters were represented by Goodmans LLP with a team that included Allan Goodman, Emily Ting and Sarah Macchione (securities), Ken Herlin and Tyler D’Angelo (real estate) and Kabir Jamal (tax).
