TORONTO, Feb. 19, 2021 /CNW/ - H&R Real Estate
Investment Trust ("H&R REIT" or "H&R") (TSX: HR.UN)
announced today that it completed its previously announced offering
of $300 million principal amount of
2.633% Series S senior unsecured debentures due February 19, 2027 (the "Series S Debentures").
H&R REIT had previously agreed with a syndicate of agents
co-led and bookrun by Scotia Capital Inc. and CIBC World Markets
Inc., and including BMO Capital Markets, TD Securities Inc. and
National Bank Financial Inc. to sell the Series S Debentures on a
private placement "best efforts" agency basis. The Series S
Debentures have been issued for $100.00 per $100.00
principal amount, carry a coupon rate of 2.633% and will mature on
February 19, 2027. The net proceeds
of the offering will be used for the repayment of outstanding
indebtedness and for general trust purposes.
About H&R REIT
H&R REIT is one of Canada's
largest real estate investment trusts with total assets of
approximately $13.4 billion at
December 31, 2020. H&R REIT has
ownership interests in a North American portfolio of high quality
office, retail, industrial and residential properties comprising
over 40 million square feet.
Forward-looking Statements
Certain statements in this news release contain forward-looking
information within the meaning of applicable securities laws (also
known as forward-looking statements). These forward-looking
statements include, but are not limited to, H&R's plans,
objectives, expectations and intentions, including the intended use
of proceeds. Such forward-looking statements reflect H&R's
current beliefs and are based on information currently available to
management. These statements are not guarantees of future
performance and are based on H&R's estimates and assumptions
that are subject to risks and uncertainties, including those
discussed in H&R's materials filed with the Canadian securities
regulatory authorities from time to time, which could cause the
actual results and performance of H&R to differ materially from
the forward-looking statements contained in this news release.
Although the forward-looking statements contained in this news
release are based upon what H&R believes are reasonable
assumptions, there can be no assurance that actual results will be
consistent with these forward-looking statements. All
forward-looking statements in this news release are qualified by
these cautionary statements. These forward-looking statements are
made as of today and H&R, except as required by applicable law,
assumes no obligation to update or revise them to reflect new
information or the occurrence of future events or
circumstances.
Additional information regarding H&R REIT is available at
http://www.hr-reit.com and on www.sedar.com.
SOURCE H&R Real Estate Investment Trust