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

Date Closed

May 23, 2024

Lead Office

Toronto

Value

500.00 Million CAD

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).

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