Date Closed

June 11, 2020

Lead Office

Toronto

Value

600.00 Million CAD

On June 11, 2020, SmartCentres Real Estate Investment Trust closed its private placement of C$300 million aggregate principal amount of Series V senior unsecured debentures and C$300 million aggregate principal amount of Series W senior unsecured debentures on an agency basis. The Series V debentures will mature on June 11, 2027, and the Series W debentures will mature on December 11, 2030.

The debentures were being offered by a syndicate of agents led by Scotia Capital as the lead left bookrunner, RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial, and TD Securities as joint bookrunners and co-leads, and Desjardins Securities, Canaccord Genuity, Raymond James, Casgrain, HSBC Securities (Canada), Industrial Alliance Securities and Stifel Nicolaus Canada as co-managers.

SmartCentres is one of Canada's largest real estate investment trusts.

McCarthy Tétrault LLP advised a syndicate of agents led by Scotia Capital with a team led by Andrew Parker that included Rachel Wasserman, Judy Tian, and Sharon Kretchmar.