New York, Sept. 25 - Granite Real Estate Investment Trust announced that it priced C$200 million of 4.613% series 1 senior debentures due 2018 through its Granite REIT Holdings LP subsidiary.
RBC Dominion Securities Inc. was lead manager for the bonds, which were offered publicly in Canada off a base shelf prospectus.
Proceeds will be used to repay revolving credit facility borrowings, to finance acquisitions, including the previously announced purchase of seven properties in Germany and the Netherlands for €129 million, and for general corporate purposes.
Granite is a Toronto-based real estate investment trust that owns and manages industrial properties in North America and Europe.
| Issuer: | Granite REIT Holdings LP (Granite Real Estate Investment Trust)
|
| Issue: | Series 1 senior debentures
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| Amount: | C$200 million
|
| Maturity: | 2018
|
| Coupon: | 4.613%
|
| Lead manager: | RBC Dominion Securities Inc.
|
| Co-managers: | BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., TD Securities Inc. and Raymond James Ltd.
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| Pricing date: | Sept. 25
|
| Settlement: | Oct. 2
|
| Distribution: | Off shelf in Canada, Regulation S
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