New Issue: Artis REIT prices C$200 million 5.6% series E debentures in best-efforts offer

Chicago, April 26 – Artis Real Estate Investment Trust priced C$200 million of 5.6% series E debentures (DBRS: BBB (low/stable) with a three-year tenor, according to a press release.

The debentures will be offered on a best-efforts basis by BMO Capital Markets, CIBC Capital Markets and Scotiabank. Desjardins Securities, National Bank Financial, RBC Capital Markets and TD Securities are also helping place the debentures.

Proceeds will be used to repay existing debt outstanding on the company’s credit facilities and for general trust purposes.

Artis is a Canadian real estate trust with a portfolio of industrial, office and retail properties in Canada and the United States. Based in Winnipeg, Man., the issuer was previously called Westfield Real Estate Investment Trust.

Issuer:	Artis Real Estate Investment Trust
Amount:	C$200 million
Issue:	Debentures, series E
Maturity:	April 29, 2025
Bookrunners:	BMO Capital Markets, CIBC Capital Markets, Scotiabank, Desjardins Securities, National Bank Financial, RBC Capital Markets and TD Securities
Coupon:	5.6%
Trade date:	April 26
Settlement date:	April 29
Ratings:	DBRS: BBB (low/stable)
Distribution:	Canada private placement

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