By Jennifer Chiou
New York, June 23 – Granite Real Estate Investment Trust and Granite REIT Inc. announced that subsidiary Granite REIT Holdings LP had priced a C$250 million offering of 3.788% series 2 senior debentures due 2021.
Settlement is slated for July 3.
Proceeds will be used to redeem the company’s C$265 million of 6.05% debentures due December 2016.
Granite is a Toronto-based real estate investment trust that owns industrial, warehouse and logistics properties in North America and Europe.
| Issuer: | Granite REIT Holdings LP
|
| Issue: | Series 2 senior debentures
|
| Amount: | C$250 million
|
| Maturity: | 2021
|
| Coupon: | 3.788%
|
| Pricing date: | June 23
|
| Settlement date: | July 3
|
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