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Prospect News home > News index > List of issuers P > Headlines for Primaris Real Estate Investment Trust > News item
Published on 1/4/2022 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Primaris REIT plans to issue unsecured debentures in 2022

Chicago, Jan. 4 – Primaris Real Estate Investment Trust said that it plans to issue unsecured debentures in 2022 in a press release that gave an update on the company on Tuesday.

The company was created as a new stand-alone publicly traded real estate investment trust on Dec. 31 via a spinoff from H&R REIT.

Primaris’ chief financial officer Rags Davloor said that it is “pursuing an investment-grade credit rating.”

The REIT announced that it had borrowed C$700 million in a syndicated credit facility due 2024.

Primaris REIT is based out of Toronto.


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