Cominar completes the re-opening of its offering of 4.941% Series 4 debentures in the amount of $100 million

On January 16, 2014, Cominar Real Estate Investment Trust completed the re-opening of its offering 4.941% Series 4 senior unsecured debentures due July 27, 2020 in the principal amount of $100 million. Cominar intends to use the net proceeds of the offering to repay amounts outstanding under its credit facility, to fund a portion of future acquisitions and for general trust purposes.

The debentures were sold by a syndicate of agents co-led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including RBC Dominion Securities Inc., Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc. and Macquarie Capital Markets Canada Ltd.

The syndicate of agents was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Maxime Bergeron (corporate and securities), and Philip Nolan (tax).

Cominar is the third largest diversified real estate investment trust in Canada and currently remains the largest commercial property owner in the Province of Quebec.

Back to the press room