Date Closed

March 30, 2022

Lead Office

Toronto

Value

350.00 Million CAD

On March 30, 2022, Primaris Real Estate Investment Trust (“Primaris” ) completed a private placement (the “Offering”) of C$350 million aggregate principal amount of senior unsecured debentures (the “Debentures”), consisting of C$150 million aggregate principal amount of Series A Debentures maturing March 30, 2027 and C$200 million aggregate principal amount of Series B Debentures maturing March 30, 2025. The Debentures were offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., which included Desjardins Securities Inc., RBC Dominion Securities Inc. and TD Securities Inc. Primaris intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes.

McCarthy Tétrault advised the syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., with a team led by Andrew Parker that included Samantha Pettinato and Rebecca Scott (Business).