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SmartCentres REIT completes C$300M private placement of unsecured debentures

Date Closed

May 29, 2023

Lead Office

Toronto

Value

300.00 Million CAD

On May 29, 2023, SmartCentres Real Estate Investment Trust ("SmartCentres") completed its previously announced private placement of C$300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures which will mature on May 29, 2028. SmartCentres will use the proceeds to refinance existing debt and for general corporate purposes.

The debentures were offered on an agency basis by a syndicate of agents co-led by Scotia Capital and CIBC Capital Markets as joint active bookrunners, with Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and BMO Capital Markets, National Bank Financial, Mizuho Securities, HSBC Securities (Canada), Canaccord Genuity, Casgrain and iA Private Wealth as co-managers.

McCarthy Tétrault advised the syndicate of agents with a team led by Andrew Parker that included Wendi Locke, Rebecca, Scott, Lama Kahiel, Samantha Pettinato (Business) and Patrick McCay and Dean Xiao (Tax).

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