Syndicate of agents co-led by Desjardins Capital Markets and TD Securities act in the private placement by Primaris Real Estate Investment Trust of C$500M aggregate principal amount of senior unsecured debentures

On August 12, 2024, Primaris Real Estate Investment Trust (the "Issuer") completed its issuance of C$300 million aggregate principal amount of 4.998% Series E Senior Unsecured Debentures due March 15, 2030 and C$200 million aggregate principal amount of 5.304% Series F Senior Unsecured Debenture due March 15, 2032 (the “Debentures”). The Debentures were offered on a private placement basis in Canada pursuant to certain exemptions from the prospectus requirements under securities laws.

The Debentures were offered in each of the provinces of Canada by a syndicate of agents led by Desjardins Capital Markets and TD Securities Inc., which included CIBC World Markets, Scotia Capital Inc., RBC Dominion Securities Inc., BMO Capital Markets, Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd.

McCarthy Tétrault advised the syndicate of agents with a team led by Andrew Parker that included Suzie Cusson and Sheema Rezaei (Business).