CT REIT to pay down credit facility debt via new debentures

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – CT Real Estate Investment Trust plans to pay down some credit facility borrowings using some proceeds of an offering of C$250 million of 3.029% seven-year debentures, according to a news release.

The REIT also plans to use proceeds of the new debentures to redeem all C$150 million outstanding 2.852% series A senior debentures due June 9, 2022 on Feb. 11.

CT REIT is a Toronto-based closed end real estate investment trust that owns commercial properties in Canada.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.