H&R REIT closes $200M senior debentures offering

H&R Real Estate Investment Trust (TSX: HR.UN) has completed its previously announced offering of $200 million principal amount of 3.369% Series N senior unsecured debentures due January 30, 2024.

The financing is offered on a bought deal basis through a syndicate of underwriters co-led by BMO Capital Markets, CIBC Capital Markets, Scotiabank and TD Securities.

Blake, Cassels & Graydon LLP and Goodmans LLP acted as legal counsels to H&R REIT and the underwriters respectively.

H&R REIT intends to use net proceeds to repay outstanding indebtedness and for general trust purposes.

photo credit: H&R Real Estate Investment Trust

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.