Cominar to pay down loan with proceeds of C$200 million debentures

By Wendy Van Sickle

Columbus, Ohio, May 10 – Cominar Real Estate Investment Trust plans to pay down debt outstanding under its revolving credit facility with the proceeds of a C$200 million offering of debentures, according to a company news release.

The company priced C$200 million of series 11 4.5% five-year senior debentures at par on Friday.

Quebec City-based Cominar REIT holds office, retail and industrial properties in Canada.

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