By Cristal Cody
Tupelo, Miss., July 5 – First Capital Realty Inc. priced C$300 million of 3.753% 10-year series U senior debentures at par on Wednesday, according to a company release.
The debentures (Baa2//DBRS: BBB) are due July 12, 2027.
TD Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. were the lead managers.
Proceeds will be used to repay amounts outstanding on the company’s revolving credit facility and for general corporate purposes, including investments.
First Capital Realty is a Toronto-based company that owns, develops and manages grocery-anchored urban properties.
| Issuer: | First Capital Realty Inc.
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| Amount: | C$300 million
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| Maturity: | July 12, 2027
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| Securities: | Senior debentures
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| Bookrunners: | TD Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
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| Coupon: | 3.753%
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| Price: | Par
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| Yield: | 3.753%
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| Pricing date: | July 5
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| Settlement date: | July 10
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| Ratings: Moody’s: Baa2
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| DBRS: BBB
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| Distribution: | Canada
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