Choice Properties REIT completes C$300M private placement of Series Y senior unsecured debentures
On September 22, 2026, Choice Properties Real Estate Investment Trust ("Choice Properties") completed its previously announced private placement of C$300 million aggregate principal amount of Series Y senior unsecured debentures (the "Debentures"). The Debentures bear interest at a rate of 4.836% per annum and mature on September 22, 2033.
Choice Properties intends to use the net proceeds of the offering, together with other available funds, to repay upon maturity its outstanding C$350 million aggregate principal amount of 2.456% Series Q senior unsecured debentures due November 30, 2026.
Choice Properties is Canada's largest real estate investment trust and is a national owner, operator and developer of commercial and residential real estate assets across Canada.
The Debentures were sold on an agency basis by a syndicate of agents co-led by TD Securities Inc., CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotiabank.
McCarthy Tétrault LLP advised the syndicate of agents with a team led by Andrew Parker and Jeremy Pleasant that included Husoni Raymond (Business).
