By Mary-Katherine Stinson
Lexington, Ky., March 17 – Dream Industrial REIT announced it priced C$200 million 5.383% senior debentures, series F, due March 22, 2028 (DBRS: BBB). The debentures will be issued at par, according to a press release.
The series F debentures are being offered by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc. The syndicate includes BMO Nesbitt Burns Inc., Desjardins Securities Inc. and iA Private Wealth Inc.
Proceeds will be used to repay existing debt and for general trust purposes.
Dream Industrial is an unincorporated open-ended real estate investment trust based in Toronto.
| Issuer: | Dream Industrial REIT
|
| Amount: | C$200 million
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| Issue: | Senior debentures, series F
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| Maturity: | March 22, 2028
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| Agents: | TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc. and iA Private Wealth Inc
|
| Coupon: | 5.383%
|
| Price: | Par
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| Yield: | 5.383%
|
| Pricing date: | March 16
|
| Settlement date: | March 22
|
| Expected rating: | DBRS: BBB
|
| Distribution: | Canada
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