SmartCentres REIT completes C$300M private placement of Series AB senior unsecured debentures

On February 5, 2025, SmartCentres Real Estate Investment Trust (“SmartCentres”), announced the closing of its previously announced private placement of C$300 million aggregate principal amount of 4.737% Series AB senior unsecured debentures that will mature on August 5, 2031. The syndicate of agents was co-led by Scotiabank and CIBC Capital Markets as joint active bookrunners, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Casgrain as co-managers.
SmartCentres, headquartered in Vaughan, Ontario, is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 193 strategically located properties across Canada the country.
McCarthy advised the syndicate of agents with a team led by Andrew Parker that included Samantha Pettinato, Lama Kahiel (Capital Markets), and Husoni Raymond (Articling Student).