Slate Office REIT greenshoe lifts 5.5% extendible convertibles by C$9.2 million

By Rebecca Melvin

Concord, N.H., Dec. 17 – Underwriters for Slate Office REIT’s 5.5% extendible convertible unsecured subordinated debentures partially exercised their over-allotment option for another C$9.2 million in addition to the C$75 million of debentures that closed on Nov. 19, according to a company release on Friday.

The offering was conducted on a bought deal basis by a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets.

The debentures and subscription receipts are listed on the Toronto Stock Exchange under the ticker symbols SOT.DB.A and SOT.R, respectively.

Proceeds are planned to be used to partially finance the proposed acquisition of the shares of Yew Grove REIT plc.

Slate Office is a Toronto-based real estate investment trust.

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