TORONTO — Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that it has priced a private placement (the “Offering”) of $200 million aggregate principal amount of senior unsecured debentures (the “Debentures”) maturing March 1, 2031. The Debentures are being offered in each of the provinces of Canada by a syndicate […]
Primaris REIT has successfully announced a $200 million unsecured debenture offering. The debentures, maturing on March 1, 2031, will be issued at $999.99 per $1,000 principal amount, bearing a fixed annual interest rate of 4.468%, payable semi-annually. The offering is led by a syndicate of agents, including TD Securities Inc., Desjardins Capital Markets, and RBC Dominion Securities Inc. The proceeds will be used to repay existing indebtedness and for general trust purposes. The closing is expected on February 20, 2025. The debentures have been assigned a provisional rating of BBB (high) by DBRS.
