Calloway REIT completes C$100 million debenture offering
Date Closed
June 4, 2010
Lead Office
Toronto
Value
100.00 Million CAD
On June 4, 2010, Calloway Real Estate Investment Trust (the “REIT”) completed a public offering of C$100 million principal amount of 5.10% senior unsecured debentures due June 4, 2015. The offering involved a syndicate of agents led by CIBC World Markets Inc. and included RBC Capital Markets, BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd. and National Bank Financial Inc. The net proceeds of the offering were used by the REIT repay outstanding debt obligations, to pay down amounts outstanding under its current credit facilities and for general trust purposes.
Calloway, headquartered in Vaughan, Ontario, is an unincorporated open-end real estate investment trust.
McCarthy Tétrault LLP represented the syndicate of underwriters, with a team led by Andrew Parker.