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