Choice Properties REIT completes C$500M private placement of senior unsecured debentures

On May 23, 2024, Choice Properties Real Estate Investment Trust ("Choice Properties") completed its C$500 million private placement of series U senior unsecured debentures (the "Debentures") of the Trust that bear interest at a rate of 5.030% per annum and mature on February 28, 2031.
The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Dominion Securities, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets.
McCarthy Tétrault advised RBC Dominion Securities with a team led by Andrew Parker and Jeremy Pleasant that included Ella Hantho (Business).