New Issue: Primaris REIT prices C$250 million 5.934% five-year debentures

By Wendy Van Sickle

Columbus, Ohio, March 27 – Primaris Real Estate Investment Trust priced C$250 million of 5.934% five-year debentures (DBRS: BBB) via a private placement in each of the provinces in Canada, according to a news release.

The syndicate of agents was led by Desjardins Capital Markets and TD Securities Inc.

Proceeds will be used to repay debt and for general corporate purposes.

Primaris is a Toronto-based REIT specializing in enclosed shopping centers.

Issuer:	Primaris Real Estate Investment Trust
Amount:	C$250 million
Issue:	Senior debentures
Maturity:	March 29, 2028
Bookrunners:	Desjardins Capital Markets and TD Securities Inc.
Co-managers:	BMO Nesbitt Burns Inc., CIBC World Markets, Scotia Capital Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd.
Coupon:	5.934%
Pricing date:	March 27
Settlement date:	March 29
Rating:	DBRS: BBB (high)
Distribution:	Canada

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